Boston Partners Boosts Stock Holdings in WSFS Financial Corporation $WSFS

Boston Partners grew its position in WSFS Financial Corporation (NASDAQ:WSFS) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,327 shares of the bank’s stock after acquiring an additional 6,755 shares during the quarter. Boston Partners owned 0.63% of WSFS Financial worth $19,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of WSFS. CWM LLC boosted its position in shares of WSFS Financial by 72.7% during the first quarter. CWM LLC now owns 701 shares of the bank’s stock valued at $36,000 after buying an additional 295 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of WSFS Financial by 618.4% in the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after buying an additional 1,076 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in WSFS Financial by 17.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after buying an additional 212 shares during the period. Trust Co. of Toledo NA OH purchased a new position in WSFS Financial during the second quarter valued at approximately $82,000. Finally, United Services Automobile Association purchased a new position in shares of WSFS Financial during the 1st quarter valued at approximately $204,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 1.0%

Shares of WSFS Financial stock opened at $55.81 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 11.51 and a beta of 0.93. The business has a 50-day moving average of $53.89 and a 200-day moving average of $54.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $61.10.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. The business had revenue of $161.68 million during the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%. As a group, equities analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.68 annualized dividend and a yield of 1.2%. WSFS Financial’s payout ratio is presently 14.02%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WSFS shares. Cowen reissued a “buy” rating on shares of WSFS Financial in a research note on Tuesday, October 28th. TD Cowen started coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price objective on the stock. DA Davidson cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

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.