BLB&B Advisors LLC Acquires Shares of 5,610 WSFS Financial Corporation (NASDAQ:WSFS)

BLB&B Advisors LLC bought a new stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,610 shares of the bank's stock, valued at approximately $291,000.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its stake in WSFS Financial by 58.4% in the fourth quarter. Sei Investments Co. now owns 56,359 shares of the bank's stock worth $2,994,000 after purchasing an additional 20,784 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of WSFS Financial during the 4th quarter worth approximately $18,167,000. AlphaQuest LLC bought a new stake in shares of WSFS Financial in the 4th quarter worth approximately $84,000. Norges Bank bought a new position in shares of WSFS Financial during the fourth quarter worth about $32,775,000. Finally, Deutsche Bank AG raised its holdings in shares of WSFS Financial by 49.6% during the fourth quarter. Deutsche Bank AG now owns 51,747 shares of the bank's stock valued at $2,749,000 after buying an additional 17,165 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS traded up $1.01 during trading hours on Thursday, hitting $59.24. 95,481 shares of the company's stock traded hands, compared to its average volume of 311,683. The company's fifty day simple moving average is $53.37 and its two-hundred day simple moving average is $52.95. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 13.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. WSFS Financial's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. As a group, equities analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.17 per share. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. WSFS Financial's dividend payout ratio is 15.28%.

Analyst Ratings Changes

WSFS has been the topic of a number of recent analyst reports. Stephens restated an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen downgraded WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $62.75.

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. 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.