Aberdeen Group plc Sells 39,207 Shares of WSFS Financial Corporation $WSFS

Aberdeen Group plc lowered its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 401,729 shares of the bank’s stock after selling 39,207 shares during the period. Aberdeen Group plc owned about 0.72% of WSFS Financial worth $21,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Corp purchased a new stake in WSFS Financial in the third quarter worth $31,000. CWM LLC boosted its stake in WSFS Financial by 31.2% during the second quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of WSFS Financial by 265.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after buying an additional 706 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after acquiring an additional 212 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in WSFS Financial by 14.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,939 shares of the bank’s stock valued at $105,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Up 0.3%

Shares of WSFS opened at $66.99 on Wednesday. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $71.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $60.14 and a 200 day moving average of $56.75. The company has a market cap of $3.66 billion, a PE ratio of 13.14 and a beta of 0.79.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the prior year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio is presently 13.33%.

Analysts Set New Price Targets

WSFS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th. Stephens restated an “overweight” rating and set a $71.00 price objective (up from $66.00) on shares of WSFS Financial in a research report on Wednesday, January 28th. Finally, Piper Sandler lifted their target price on WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Shari Kruzinski sold 1,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total transaction of $70,100.00. Following the sale, the executive vice president owned 14,740 shares of the company’s stock, valued at approximately $1,033,274. This trade represents a 6.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James J. Wechsler sold 450 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $69.89, for a total transaction of $31,450.50. Following the sale, the executive vice president directly owned 5,777 shares of the company’s stock, valued at approximately $403,754.53. The trade was a 7.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,455 shares of company stock valued at $242,923. Company insiders own 1.21% of the company’s stock.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.