WSFS Financial Co. (WSFS) Shares Bought by Aperio Group LLC
Aperio Group LLC increased its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 47.2% in the 4th quarter, Holdings Channel reports. The firm owned 9,971 shares of the bank’s stock after purchasing an additional 3,198 shares during the period. Aperio Group LLC’s holdings in WSFS Financial were worth $477,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of WSFS Financial by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,242,570 shares of the bank’s stock worth $60,575,000 after purchasing an additional 36,426 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of WSFS Financial by 44.8% during the 3rd quarter. Wells Fargo & Company MN now owns 77,946 shares of the bank’s stock worth $3,800,000 after purchasing an additional 24,121 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of WSFS Financial by 22.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 208,565 shares of the bank’s stock worth $10,250,000 after purchasing an additional 38,009 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of WSFS Financial by 27.6% during the 3rd quarter. Chatham Capital Group Inc. now owns 29,830 shares of the bank’s stock worth $1,454,000 after purchasing an additional 6,450 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of WSFS Financial by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 441,155 shares of the bank’s stock worth $21,506,000 after purchasing an additional 9,405 shares during the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.
Several research firms recently weighed in on WSFS. Merion Capital Group upped their price target on shares of 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 restated 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 objective on shares of WSFS Financial to $64.00 and gave the company a “buy” rating in a research note 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 objective on shares of WSFS Financial in a research note on Tuesday, January 23rd. Finally, BidaskClub cut shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.17.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The company had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the prior year, the company earned $0.56 EPS. WSFS Financial’s revenue was up 11.4% compared to the same quarter last year. equities analysts expect that WSFS Financial Co. will post 3.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.36 annualized dividend and a yield of 0.73%. WSFS Financial’s dividend payout ratio is presently 19.46%.
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WSFS Financial Company Profile
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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