Allspring Global Investments Holdings LLC Buys 21,990 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Allspring Global Investments Holdings LLC raised its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,926 shares of the bank’s stock after acquiring an additional 21,990 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.39% of WSFS Financial worth $12,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after purchasing an additional 239 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after purchasing an additional 900 shares during the last quarter. KBC Group NV increased its holdings in shares of WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank’s stock worth $153,000 after purchasing an additional 1,172 shares during the last quarter. Advantage Alpha Capital Partners LP increased its holdings in shares of WSFS Financial by 18.0% in the third quarter. Advantage Alpha Capital Partners LP now owns 9,465 shares of the bank’s stock worth $483,000 after purchasing an additional 1,446 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of WSFS Financial by 2.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank’s stock worth $3,142,000 after purchasing an additional 1,578 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WSFS has been the topic of several research reports. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens reiterated an “overweight” rating and issued a $68.00 price target on shares of WSFS Financial in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their price target on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.75.

WSFS Financial Stock Down 0.8 %

Shares of NASDAQ:WSFS opened at $56.04 on Tuesday. WSFS Financial Co. has a 1 year low of $40.99 and a 1 year high of $62.75. The business has a 50 day simple moving average of $54.89 and a two-hundred day simple moving average of $53.72. The firm has a market capitalization of $3.30 billion, a PE ratio of 12.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, equities analysts predict that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.57%.

WSFS Financial Company 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.