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

Brown Advisory Inc. cut its holdings in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807,802 shares of the bank's stock after selling 19,232 shares during the quarter. Brown Advisory Inc. owned approximately 1.39% of WSFS Financial worth $41,901,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its position in shares of WSFS Financial by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,313,175 shares of the bank's stock valued at $122,899,000 after purchasing an additional 19,895 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of WSFS Financial by 309.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank's stock valued at $89,674,000 after buying an additional 1,276,078 shares during the period. Northern Trust Corp lifted its stake in shares of WSFS Financial by 1.2% during the fourth quarter. Northern Trust Corp now owns 809,334 shares of the bank's stock valued at $43,000,000 after buying an additional 9,542 shares during the period. Cooke & Bieler LP lifted its stake in shares of WSFS Financial by 1.5% during the fourth quarter. Cooke & Bieler LP now owns 782,767 shares of the bank's stock valued at $41,588,000 after buying an additional 11,414 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of WSFS Financial by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank's stock valued at $39,347,000 after buying an additional 19,650 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WSFS shares. Keefe, Bruyette & Woods reduced their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, Stephens reissued an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th. One 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. According to MarketBeat, WSFS Financial currently has an average rating of "Hold" and a consensus target price of $62.75.

WSFS Financial Trading Down 0.2%

NASDAQ:WSFS traded down $0.12 during trading hours on Friday, reaching $58.23. 450,401 shares of the company were exchanged, compared to its average volume of 314,739. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 13.09 and a beta of 0.87. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $62.75. The stock has a 50 day simple moving average of $54.27 and a 200 day simple moving average of $53.15.

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

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.17%. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio (DPR) is currently 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.