Rhumbline Advisers Sells 8,411 Shares of WSFS Financial Corporation $WSFS

Key Points

• Rhumbline Advisers has reduced its stake in WSFS Financial Corporation by 4.8%, owning 168,512 shares after selling 8,411 shares in the first quarter.
• WSFS Financial recently reported a quarterly EPS of $1.27, exceeding analysts' expectations of $1.13, and a revenue of $267.50 million, which is higher than the expected $221.93 million.
• Wall Street analysts have differing views on the stock, with two analysts rating it as Buy and two as Hold, and the consensus currently being a "Moderate Buy" with a target price of $66.00.

Rhumbline Advisers trimmed its stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,512 shares of the bank's stock after selling 8,411 shares during the period. Rhumbline Advisers owned about 0.30% of WSFS Financial worth $8,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WSFS. Versant Capital Management Inc increased its holdings in WSFS Financial by 90.0% in the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after purchasing an additional 252 shares during the period. CWM LLC boosted its position in WSFS Financial by 72.7% during the first quarter. CWM LLC now owns 701 shares of the bank's stock valued at $36,000 after acquiring an additional 295 shares during the last quarter. GAMMA Investing LLC boosted its position in WSFS Financial by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock valued at $106,000 after acquiring an additional 550 shares during the last quarter. KBC Group NV boosted its position in WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after acquiring an additional 196 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in WSFS Financial during the first quarter valued at $204,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WSFS has been the topic of a number of research analyst reports. DA Davidson increased their price objective on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of WSFS Financial from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, WSFS Financial presently has an average rating of "Moderate Buy" and a consensus price target of $66.00.

WSFS Financial Stock Performance

Shares of WSFS stock traded down $1.04 during trading hours on Tuesday, hitting $54.32. 249,837 shares of the company were exchanged, compared to its average volume of 326,089. The firm has a fifty day simple moving average of $56.70 and a 200 day simple moving average of $53.76. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $62.75. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 11.92 and a beta of 0.91.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.14. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The company had revenue of $267.50 million during the quarter, compared to analyst estimates of $221.93 million. During the same quarter last year, the business posted $1.08 EPS. WSFS Financial's quarterly revenue was up .6% compared to the same quarter last year. Research analysts predict that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.3%. WSFS Financial's dividend payout ratio (DPR) is 14.91%.

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.