WSFS Financial Corporation $WSFS Stock Holdings Lifted by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,320,766 shares of the bank’s stock after buying an additional 7,591 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.09% of WSFS Financial worth $120,379,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of WSFS Financial by 1.6% in the first quarter. Invesco Ltd. now owns 969,476 shares of the bank’s stock valued at $50,287,000 after buying an additional 15,281 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of WSFS Financial by 14.0% in the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank’s stock valued at $46,283,000 after buying an additional 109,519 shares in the last quarter. Northern Trust Corp increased its holdings in shares of WSFS Financial by 1.2% in the fourth quarter. Northern Trust Corp now owns 809,334 shares of the bank’s stock valued at $43,000,000 after buying an additional 9,542 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of WSFS Financial by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,085 shares of the bank’s stock valued at $38,803,000 after buying an additional 7,501 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of WSFS Financial by 7.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 718,978 shares of the bank’s stock valued at $38,199,000 after buying an additional 48,822 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Down 0.1%

WSFS Financial stock opened at $55.68 on Friday. The company’s fifty day simple moving average is $55.69 and its 200-day simple moving average is $53.61. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $62.75. The stock has a market cap of $3.12 billion, a P/E ratio of 12.21 and a beta of 0.89.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The business had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $221.93 million. During the same period in the previous year, the company posted $1.08 EPS. WSFS Financial’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 8th. WSFS Financial’s payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WSFS. Wall Street Zen cut WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, May 30th. DA Davidson lifted their price objective on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Stephens reiterated an “overweight” rating and set a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.00.

WSFS Financial 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.