Allspring Global Investments Holdings LLC boosted its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 227,926 shares of the bank's stock after purchasing an additional 21,990 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.39% of WSFS Financial worth $12,110,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of WSFS. FMR LLC lifted its position in shares of WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank's stock valued at $218,000 after acquiring an additional 239 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock valued at $47,000 after acquiring an additional 900 shares in the last quarter. KBC Group NV lifted its position in shares of WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank's stock valued at $153,000 after acquiring an additional 1,172 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its position in shares of WSFS Financial by 18.0% in the third quarter. Advantage Alpha Capital Partners LP now owns 9,465 shares of the bank's stock valued at $483,000 after acquiring an additional 1,446 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of WSFS Financial by 2.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock valued at $3,142,000 after acquiring an additional 1,578 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on WSFS shares. Keefe, Bruyette & Woods upped their price objective on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Finally, Janney Montgomery Scott restated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, WSFS Financial has a consensus rating of "Hold" and a consensus price target of $64.75.
Check Out Our Latest Stock Report on WSFS Financial
WSFS Financial Trading Down 2.7 %
WSFS Financial stock traded down $1.54 during trading on Friday, hitting $54.64. The company's stock had a trading volume of 276,316 shares, compared to its average volume of 253,286. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.36 and a beta of 1.08. The stock's fifty day moving average is $54.68 and its 200 day moving average is $53.82. WSFS Financial Co. has a 1-year low of $40.99 and a 1-year high of $62.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. As a group, equities research analysts predict that WSFS Financial Co. 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 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.10%. WSFS Financial's dividend payout ratio is presently 13.57%.
About WSFS Financial
(
Free Report)
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.
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