WSFS Financial Corporation $WSFS Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 8.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 401,729 shares of the bank’s stock after selling 39,207 shares during the quarter. Aberdeen Group plc’s holdings in WSFS Financial were worth $21,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in WSFS Financial by 7.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank’s stock valued at $152,000 after buying an additional 203 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after acquiring an additional 212 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of WSFS Financial by 7.2% during the third quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank’s stock worth $177,000 after buying an additional 218 shares in the last quarter. CWM LLC grew its stake in WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after acquiring an additional 219 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in WSFS Financial by 5.1% in the 3rd quarter. Savant Capital LLC now owns 4,580 shares of the bank’s stock valued at $247,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

WSFS has been the subject of a number of research reports. 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, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods raised their price objective on WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

WSFS Financial Trading Up 0.3%

Shares of WSFS stock opened at $66.99 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $71.32. The firm’s 50 day moving average price is $60.14 and its two-hundred day moving average price is $56.75. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 13.14 and a beta of 0.79.

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

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 13th. WSFS Financial’s dividend payout ratio is 13.33%.

Insider Transactions at WSFS Financial

In other news, EVP Shari Kruzinski sold 1,000 shares of WSFS Financial stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total value of $70,100.00. Following the completion of the transaction, the executive vice president owned 14,740 shares in the company, valued at approximately $1,033,274. This trade represents a 6.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur J. Bacci sold 2,005 shares of WSFS Financial stock in a transaction on Monday, February 9th. The stock was sold at an average price of $70.51, for a total transaction of $141,372.55. Following the completion of the transaction, the executive vice president directly owned 26,366 shares of the company’s stock, valued at approximately $1,859,066.66. This represents a 7.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,455 shares of company stock valued at $242,923. Insiders own 1.21% of the company’s stock.

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.