WSFS Financial Corporation (NASDAQ:WSFS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 807,802 shares of the bank's stock after selling 19,232 shares during the period. Brown Advisory Inc. owned about 1.39% of WSFS Financial worth $41,901,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of WSFS Financial by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 180,933 shares of the bank's stock valued at $9,385,000 after buying an additional 1,971 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of WSFS Financial by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank's stock valued at $16,820,000 after buying an additional 7,012 shares in the last quarter. BLB&B Advisors LLC purchased a new position in shares of WSFS Financial during the 1st quarter valued at approximately $291,000. KBC Group NV lifted its position in shares of WSFS Financial by 6.8% during the 1st quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after buying an additional 196 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of WSFS Financial by 17.5% during the 1st quarter. Handelsbanken Fonder AB now owns 16,105 shares of the bank's stock valued at $835,000 after buying an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Analyst Ratings Changes

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

WSFS Financial Trading Down 0.2%

Shares of WSFS traded down $0.12 during midday trading on Friday, reaching $58.23. The company had a trading volume of 450,401 shares, compared to its average volume of 315,825. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75. The stock has a market cap of $3.31 billion, a PE ratio of 13.09 and a beta of 0.87. The firm has a 50 day simple moving average of $54.17 and a 200-day simple moving average of $53.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. The business had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. During the same period last year, the company earned $1.11 EPS. The company's revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts forecast that WSFS Financial Corporation will post 4.47 EPS 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. The ex-dividend date was Friday, May 9th. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. 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.