ProShare Advisors LLC Decreases Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

ProShare Advisors LLC reduced its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,816 shares of the bank's stock after selling 6,864 shares during the period. ProShare Advisors LLC's holdings in WSFS Financial were worth $947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in WSFS Financial by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,659 shares of the bank's stock worth $1,788,000 after acquiring an additional 1,276 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in WSFS Financial during the 4th quarter valued at $1,033,000. Frontier Capital Management Co. LLC raised its stake in WSFS Financial by 7.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 718,978 shares of the bank's stock valued at $38,199,000 after buying an additional 48,822 shares during the last quarter. Deutsche Bank AG raised its stake in WSFS Financial by 49.6% during the 4th quarter. Deutsche Bank AG now owns 51,747 shares of the bank's stock valued at $2,749,000 after buying an additional 17,165 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in WSFS Financial during the 4th quarter valued at $232,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WSFS shares. Keefe, Bruyette & Woods decreased their target price on shares of 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. Stephens reiterated an "overweight" rating and set a $64.00 target price on shares of WSFS Financial in a research note on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $62.75.

WSFS Financial Stock Performance

Shares of WSFS stock traded down $0.14 during mid-day trading on Thursday, reaching $52.77. 43,651 shares of the company's stock traded hands, compared to its average volume of 302,518. WSFS Financial Co. has a 12 month low of $42.21 and a 12 month high of $62.75. The firm has a 50 day moving average price of $51.31 and a two-hundred day moving average price of $53.93. 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 firm has a market capitalization of $3.00 billion, a PE ratio of 11.93 and a beta of 0.86.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The firm had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.68 annualized dividend and a yield of 1.29%. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio is currently 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.