WSFS Financial Corporation $WSFS Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,052 shares of the bank’s stock after buying an additional 2,237 shares during the quarter. Royal Bank of Canada owned approximately 0.39% of WSFS Financial worth $11,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Boston Partners bought a new position in WSFS Financial during the first quarter worth $17,668,000. Nuveen LLC bought a new position in WSFS Financial during the first quarter worth $12,090,000. Cooke & Bieler LP lifted its stake in WSFS Financial by 14.0% during the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank’s stock worth $46,283,000 after purchasing an additional 109,519 shares during the last quarter. GAMMA Investing LLC lifted its stake in WSFS Financial by 7,004.2% during the first quarter. GAMMA Investing LLC now owns 105,711 shares of the bank’s stock worth $5,483,000 after purchasing an additional 104,223 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in WSFS Financial during the first quarter worth $3,290,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

WSFS has been the topic of several research analyst reports. Wall Street Zen cut WSFS Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. DA Davidson raised their price objective on WSFS Financial from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.00.

WSFS Financial Stock Performance

WSFS stock opened at $56.64 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.42 and a beta of 0.91. WSFS Financial Corporation has a 1 year low of $42.44 and a 1 year high of $62.75. The stock’s fifty day moving average is $56.82 and its two-hundred day moving average is $53.73.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The company had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $221.93 million. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. On average, research analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. WSFS Financial’s payout ratio is currently 14.91%.

About WSFS Financial

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.