abrdn plc Has $27.17 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

abrdn plc cut its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 511,292 shares of the bank's stock after selling 109,516 shares during the quarter. abrdn plc owned approximately 0.87% of WSFS Financial worth $27,165,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its holdings in WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank's stock worth $218,000 after purchasing an additional 239 shares during the period. GAMMA Investing LLC lifted its holdings in shares of WSFS Financial by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock worth $74,000 after purchasing an additional 428 shares during the last quarter. International Assets Investment Management LLC boosted its position in WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock valued at $47,000 after purchasing an additional 900 shares during the period. Handelsbanken Fonder AB grew its stake in WSFS Financial by 9.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,305 shares of the bank's stock worth $627,000 after buying an additional 1,100 shares during the last quarter. Finally, KBC Group NV increased its position in WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank's stock worth $153,000 after buying an additional 1,172 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS traded down $2.18 during midday trading on Friday, reaching $57.15. 287,213 shares of the company traded hands, compared to its average volume of 263,654. The stock has a 50-day moving average price of $55.23 and a 200 day moving average price of $53.75. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 12.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a 52 week low of $40.19 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. Sell-side analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, February 7th. WSFS Financial's dividend payout ratio (DPR) is presently 13.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WSFS shares. Stephens reissued an "overweight" rating and set a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Janney Montgomery Scott reissued a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $64.75.

WSFS Financial Company 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.