WSFS Financial Corporation (NASDAQ:WSFS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,816 shares of the bank's stock after selling 18,242 shares during the period. New York State Common Retirement Fund owned 0.40% of WSFS Financial worth $12,024,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WSFS. JPMorgan Chase & Co. increased its holdings in shares of WSFS Financial by 309.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank's stock valued at $89,674,000 after acquiring an additional 1,276,078 shares during the last quarter. Norges Bank bought a new stake in shares of WSFS Financial in the fourth quarter valued at approximately $32,775,000. Raymond James Financial Inc. bought a new position in WSFS Financial during the 4th quarter worth $18,167,000. GAMMA Investing LLC boosted its stake in shares of WSFS Financial by 7,004.2% in the 1st quarter. GAMMA Investing LLC now owns 105,711 shares of the bank's stock worth $5,483,000 after buying an additional 104,223 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of WSFS Financial by 7.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 718,978 shares of the bank's stock worth $38,199,000 after purchasing an additional 48,822 shares during the period. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Stock Performance

WSFS stock traded down $0.28 during trading on Monday, hitting $57.89. The company had a trading volume of 237,995 shares, compared to its average volume of 309,448. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75. The firm has a 50-day moving average price of $54.76 and a 200-day moving average price of $53.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.29 billion, a PE ratio of 13.01 and a beta of 0.87.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data 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. WSFS Financial had a net margin of 18.86% and a return on equity of 10.06%. The business had revenue of $256.11 million during the quarter, compared to analysts' expectations of $235.44 million. During the same period in the previous year, the company earned $1.11 earnings per share. WSFS Financial's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.17 per share. 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 yield of 1.17%. The ex-dividend date was Friday, May 9th. WSFS Financial's payout ratio is presently 15.28%.

Analyst Ratings Changes

WSFS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped 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. Stephens reissued an "overweight" rating and issued a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Wall Street Zen cut shares of WSFS Financial from a "hold" rating to a "sell" rating in a 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.75.

WSFS Financial 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.