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

Royal Bank of Canada boosted its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,052 shares of the bank’s stock after acquiring an additional 2,237 shares during the quarter. Royal Bank of Canada’s holdings in WSFS Financial were worth $11,569,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WSFS. Mercer Global Advisors Inc. ADV purchased a new position in WSFS Financial in the 4th quarter worth about $232,000. Deutsche Bank AG boosted its holdings in WSFS Financial by 49.6% in the fourth quarter. Deutsche Bank AG now owns 51,747 shares of the bank’s stock worth $2,749,000 after purchasing an additional 17,165 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of WSFS Financial by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,659 shares of the bank’s stock worth $1,788,000 after acquiring an additional 1,276 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in WSFS Financial by 4.2% in the 4th quarter. Voloridge Investment Management LLC now owns 40,308 shares of the bank’s stock worth $2,142,000 after purchasing an additional 1,607 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in WSFS Financial by 5.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 133,936 shares of the bank’s stock worth $7,116,000 after purchasing an additional 6,468 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS opened at $56.64 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75. The stock has a market capitalization of $3.17 billion, a P/E ratio of 12.42 and a beta of 0.91. The business has a 50-day moving average price of $56.82 and a two-hundred day moving average price of $53.73.

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 firm had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $221.93 million. During the same quarter last year, the business earned $1.08 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. Equities analysts predict that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut WSFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. DA Davidson upped their price target on WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

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.