WSFS Financial Corporation (NASDAQ:WSFS) Position Boosted by KBC Group NV

KBC Group NV grew its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,081 shares of the bank’s stock after purchasing an additional 196 shares during the period. KBC Group NV’s holdings in WSFS Financial were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WSFS. Versant Capital Management Inc boosted its holdings in shares of WSFS Financial by 90.0% in the first quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock worth $28,000 after buying an additional 252 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock worth $30,000 after buying an additional 550 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of WSFS Financial in the fourth quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new position in shares of WSFS Financial in the fourth quarter worth about $40,000. Finally, AlphaQuest LLC acquired a new position in shares of WSFS Financial in the fourth quarter worth about $84,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

WSFS stock opened at $59.05 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $3.35 billion, a P/E ratio of 13.27 and a beta of 0.87. The firm has a 50 day simple moving average of $53.66 and a 200 day simple moving average of $52.98. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The business had revenue of $256.11 million during the quarter, compared to analysts’ expectations of $235.44 million. WSFS Financial had a net margin of 18.86% and a return on equity of 10.06%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Research analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.17 per share. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, May 9th. WSFS Financial’s dividend payout ratio (DPR) is currently 15.28%.

Analyst Ratings Changes

WSFS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of WSFS Financial from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Wall Street Zen cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Finally, Stephens reiterated an “overweight” rating and issued a $64.00 target price on shares of WSFS Financial in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.75.

WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.