BNP Paribas Financial Markets Sells 11,369 Shares of WSFS Financial Co. (NASDAQ:WSFS)

BNP Paribas Financial Markets trimmed its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 47.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,557 shares of the bank's stock after selling 11,369 shares during the quarter. BNP Paribas Financial Markets' holdings in WSFS Financial were worth $667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in shares of WSFS Financial by 110.8% during the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank's stock worth $6,139,000 after purchasing an additional 63,284 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of WSFS Financial in the fourth quarter valued at $207,000. KBC Group NV lifted its stake in WSFS Financial by 68.4% in the 4th quarter. KBC Group NV now owns 2,885 shares of the bank's stock worth $153,000 after acquiring an additional 1,172 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of WSFS Financial by 2.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock valued at $3,142,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of WSFS Financial by 10.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,926 shares of the bank's stock worth $12,110,000 after purchasing an additional 21,990 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WSFS. Keefe, Bruyette & Woods decreased their price objective on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Stephens reissued an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a research report on Monday, April 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.75.

WSFS Financial Stock Down 1.0%

WSFS stock traded down $0.53 during trading on Wednesday, reaching $53.50. 14,117 shares of the company traded hands, compared to its average volume of 302,109. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 12.10 and a beta of 0.86. The business has a 50 day simple moving average of $51.29 and a 200 day simple moving average of $53.94. WSFS Financial Co. has a 12 month low of $42.21 and a 12 month high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company had revenue of $256.11 million during the quarter, compared to analysts' expectations of $235.44 million. During the same period last year, the business earned $1.11 earnings per share. WSFS Financial's quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.17 dividend. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 9th. WSFS Financial's dividend payout ratio (DPR) is 15.28%.

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.