Kavar Capital Partners LLC Acquires New Stake in WSFS Financial Co. (NASDAQ:WSFS)

Kavar Capital Partners LLC acquired a new stake in shares of WSFS Financial Co. (NASDAQ:WSFS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,320 shares of the bank’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chatham Capital Group Inc. lifted its holdings in shares of WSFS Financial by 0.8% in the 1st quarter. Chatham Capital Group Inc. now owns 32,348 shares of the bank’s stock worth $1,249,000 after buying an additional 243 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WSFS Financial by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,894 shares of the bank’s stock worth $112,000 after buying an additional 444 shares during the period. Strs Ohio lifted its holdings in shares of WSFS Financial by 120.0% in the 2nd quarter. Strs Ohio now owns 1,100 shares of the bank’s stock worth $45,000 after buying an additional 600 shares during the period. Comerica Bank lifted its holdings in shares of WSFS Financial by 1.0% in the 1st quarter. Comerica Bank now owns 68,057 shares of the bank’s stock worth $2,819,000 after buying an additional 689 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of WSFS Financial by 7.0% in the 4th quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock worth $500,000 after buying an additional 868 shares during the period. Institutional investors own 78.38% of the company’s stock.

Shares of NASDAQ WSFS traded up $1.38 during mid-day trading on Friday, reaching $42.12. 207,700 shares of the company were exchanged, compared to its average volume of 276,445. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.98 and a beta of 1.12. WSFS Financial Co. has a 1 year low of $33.75 and a 1 year high of $50.60. The firm has a 50-day moving average of $41.13 and a 200 day moving average of $41.50.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $166.10 million during the quarter, compared to analysts’ expectations of $157.52 million. WSFS Financial had a return on equity of 10.98% and a net margin of 21.06%. On average, equities analysts forecast that WSFS Financial Co. will post 3.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.52%.

WSFS has been the subject of several research reports. Zacks Investment Research cut WSFS Financial from a “hold” rating to a “sell” rating in a research note on Friday. Piper Jaffray Companies initiated coverage on WSFS Financial in a research note on Monday, July 15th. They set a “neutral” rating for the company. Boenning Scattergood restated an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a research note on Thursday, June 20th. Finally, BidaskClub upgraded WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.38.

About WSFS Financial

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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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