State of Alaska Department of Revenue Increases Stock Holdings in WSFS Financial Corporation $WSFS

State of Alaska Department of Revenue increased its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,787 shares of the bank’s stock after buying an additional 1,285 shares during the period. State of Alaska Department of Revenue owned about 0.06% of WSFS Financial worth $1,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. KBC Group NV lifted its position in shares of WSFS Financial by 6.8% during the 1st quarter. KBC Group NV now owns 3,081 shares of the bank’s stock valued at $160,000 after buying an additional 196 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of WSFS Financial by 1.5% during the 1st quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock valued at $731,000 after buying an additional 204 shares in the last quarter. Xponance Inc. lifted its position in shares of WSFS Financial by 4.9% during the 1st quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock valued at $230,000 after buying an additional 209 shares in the last quarter. Versant Capital Management Inc lifted its holdings in WSFS Financial by 90.0% in the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock valued at $28,000 after purchasing an additional 252 shares in the last quarter. Finally, CWM LLC lifted its holdings in WSFS Financial by 72.7% in the 1st quarter. CWM LLC now owns 701 shares of the bank’s stock valued at $36,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WSFS. TD Cowen began coverage on WSFS Financial in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price objective on the stock. DA Davidson raised their price objective on WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, WSFS Financial has an average rating of “Moderate Buy” and a consensus target price of $66.25.

WSFS Financial Stock Up 0.3%

Shares of WSFS opened at $53.66 on Friday. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $62.75. The company has a market capitalization of $3.00 billion, a PE ratio of 11.77 and a beta of 0.87. The stock has a fifty day simple moving average of $55.83 and a two-hundred day simple moving average of $54.00. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The business had revenue of $267.50 million during the quarter, compared to the consensus estimate of $221.93 million. During the same period last year, the company earned $1.08 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. WSFS Financial’s dividend payout ratio (DPR) is 14.91%.

WSFS Financial 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.