19,494 Shares in WSFS Financial Corporation $WSFS Acquired by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC bought a new stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,494 shares of the bank’s stock, valued at approximately $1,051,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners increased its holdings in shares of WSFS Financial by 2.0% during the second quarter. Boston Partners now owns 350,327 shares of the bank’s stock valued at $19,240,000 after acquiring an additional 6,755 shares in the last quarter. Strid Group LLC acquired a new position in WSFS Financial during the 2nd quarter valued at approximately $281,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of WSFS Financial in the second quarter worth $227,000. Planning Directions Inc. acquired a new stake in shares of WSFS Financial during the second quarter worth $339,000. Finally, Norges Bank purchased a new stake in shares of WSFS Financial during the second quarter valued at $36,860,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $64.73 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $3.54 billion, a PE ratio of 12.69 and a beta of 0.80. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $65.09. The company has a fifty day moving average of $57.22 and a two-hundred day moving average of $55.81.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The business had revenue of $90.08 million during the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, February 13th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.33%.

Analyst Upgrades and Downgrades

WSFS has been the subject of a number of research reports. Piper Sandler lifted their price target on WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. TD Cowen reissued a “buy” rating on shares of WSFS Financial in a research report on Wednesday. DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Stephens reiterated an “overweight” rating and issued a $71.00 price objective (up previously from $66.00) on shares of WSFS Financial in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

WSFS Financial Profile

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.