WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,816 shares of the bank's stock after selling 6,864 shares during the quarter. ProShare Advisors LLC's holdings in WSFS Financial were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WSFS. Farther Finance Advisors LLC lifted its stake in shares of WSFS Financial by 2,500.0% during the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after purchasing an additional 550 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of WSFS Financial during the fourth quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new position in shares of WSFS Financial during the fourth quarter worth about $40,000. AlphaQuest LLC acquired a new position in shares of WSFS Financial during the fourth quarter worth about $84,000. Finally, Sterling Capital Management LLC lifted its stake in shares of WSFS Financial by 804.4% during the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock worth $99,000 after purchasing an additional 1,657 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

Analysts Set New Price Targets

WSFS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on 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 price target on shares of WSFS Financial in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $62.75.

WSFS Financial Stock Up 2.4%

WSFS traded up $1.27 on Tuesday, reaching $54.03. The company's stock had a trading volume of 196,372 shares, compared to its average volume of 303,213. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 12.22 and a beta of 0.86. WSFS Financial Co. has a 1 year low of $42.21 and a 1 year high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The business's 50 day moving average is $51.24 and its 200 day moving average is $53.94.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The firm 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 10.30% and a net margin of 18.77%. WSFS Financial's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. As a group, research analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.26%. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio is presently 15.28%.

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.