WSFS Financial Corporation $WSFS Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 383,212 shares of the bank’s stock after selling 18,517 shares during the period. Aberdeen Group plc owned 0.70% of WSFS Financial worth $21,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bryn Mawr Trust Advisors LLC purchased a new stake in WSFS Financial in the 3rd quarter valued at approximately $1,051,000. Tudor Investment Corp ET AL purchased a new position in WSFS Financial during the third quarter worth $1,153,000. Cooke & Bieler LP raised its holdings in shares of WSFS Financial by 15.5% in the third quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock worth $55,653,000 after acquiring an additional 138,220 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of WSFS Financial by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 1,544,508 shares of the bank’s stock worth $83,295,000 after acquiring an additional 33,398 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of WSFS Financial by 46.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 89,669 shares of the bank’s stock valued at $4,836,000 after acquiring an additional 28,471 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $66.30 on Monday. The business’s 50-day moving average is $65.16 and its two-hundred day moving average is $58.68. The firm has a market capitalization of $3.50 billion, a PE ratio of 13.00 and a beta of 0.75. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $71.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last issued its 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 company had revenue of $90.08 million during the quarter, compared to the consensus estimate of $267.36 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Research analysts predict that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, February 13th. WSFS Financial’s dividend payout ratio is 13.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th. Zacks Research downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Brean Capital started coverage on shares of WSFS Financial in a research note on Tuesday, March 10th. They set a “buy” rating and a $74.50 price objective for the company. DA Davidson initiated coverage on shares of WSFS Financial in a report on Wednesday, February 25th. They set a “neutral” rating and a $74.00 price objective on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $71.00 price target (up from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.42.

Insiders Place Their Bets

In other WSFS Financial news, EVP Arthur J. Bacci sold 2,005 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $70.51, for a total transaction of $141,372.55. Following the sale, the executive vice president owned 26,366 shares in the company, valued at $1,859,066.66. This represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shari Kruzinski sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total value of $70,100.00. Following the transaction, the executive vice president directly owned 14,740 shares in the company, valued at approximately $1,033,274. This represents a 6.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,455 shares of company stock valued at $242,923 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About WSFS Financial

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.