Rhumbline Advisers Sells 8,411 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Rhumbline Advisers lessened its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,512 shares of the bank's stock after selling 8,411 shares during the period. Rhumbline Advisers owned 0.29% of WSFS Financial worth $8,741,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of WSFS Financial by 10.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,926 shares of the bank's stock valued at $12,110,000 after purchasing an additional 21,990 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of WSFS Financial by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock worth $16,856,000 after buying an additional 10,915 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of WSFS Financial by 3.0% during the 4th quarter. New York State Common Retirement Fund now owns 250,058 shares of the bank's stock worth $13,286,000 after buying an additional 7,293 shares during the period. Handelsbanken Fonder AB increased its stake in shares of WSFS Financial by 11.4% in the 4th quarter. Handelsbanken Fonder AB now owns 13,705 shares of the bank's stock valued at $728,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of WSFS Financial by 21.4% during the 4th quarter. Fisher Asset Management LLC now owns 267,028 shares of the bank's stock valued at $14,187,000 after acquiring an additional 47,028 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WSFS shares. Stephens reiterated an "overweight" rating and issued a $64.00 target price on shares of WSFS Financial in a report on Monday, April 28th. 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 report on Monday, April 28th. Finally, Wall Street Zen downgraded WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, WSFS Financial currently has a consensus rating of "Hold" and a consensus target price of $62.75.

WSFS Financial Price Performance

NASDAQ WSFS traded down $0.42 during trading on Thursday, reaching $52.80. The company's stock had a trading volume of 57,937 shares, compared to its average volume of 303,664. 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 firm has a fifty day moving average of $51.57 and a 200 day moving average of $53.57. The stock has a market capitalization of $3.00 billion, a PE ratio of 11.95 and a beta of 0.87. WSFS Financial Co. has a one year low of $42.44 and a one year high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $235.44 million. During the same period last year, the firm posted $1.11 earnings per share. The business's revenue was up 1.7% compared to the same quarter last year. Analysts expect that WSFS Financial Co. will post 4.47 EPS for the current fiscal 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 issued a $0.17 dividend. The ex-dividend date was Friday, May 9th. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.29%. WSFS Financial's dividend payout ratio is 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.