Standard Life Aberdeen plc increased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,497,357 shares of the bank’s stock after purchasing an additional 57,519 shares during the quarter. Standard Life Aberdeen plc’s holdings in WSFS Financial were worth $71,649,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in WSFS Financial by 10.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after acquiring an additional 256 shares during the last quarter. Brown Advisory Securities LLC acquired a new position in WSFS Financial during the 3rd quarter worth approximately $234,000. Victory Capital Management Inc. boosted its position in WSFS Financial by 25.3% during the 3rd quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock worth $243,000 after acquiring an additional 1,007 shares during the last quarter. Citadel Advisors LLC acquired a new position in WSFS Financial during the 3rd quarter worth approximately $287,000. Finally, Engineers Gate Manager LP acquired a new position in WSFS Financial during the 3rd quarter worth approximately $410,000. 81.02% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on WSFS. Merion Capital Group upped their price target on WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of WSFS Financial in a research report on Wednesday, January 24th. DA Davidson upped their price target on WSFS Financial to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Sandler O’Neill reaffirmed a “buy” rating and set a $57.00 price target on shares of WSFS Financial in a research report on Tuesday, January 23rd. Finally, BidaskClub downgraded WSFS Financial from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $56.00.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. analysts forecast that WSFS Financial Co. will post 3.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Wednesday, February 7th. WSFS Financial’s payout ratio is presently 19.46%.
In other news, EVP S James Mazarakis sold 1,868 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total value of $96,183.32. Following the completion of the sale, the executive vice president now owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.89% of the company’s stock.
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About WSFS Financial
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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