UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in WSFS Financial Co. (NASDAQ:WSFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,936 shares of the bank's stock after acquiring an additional 6,468 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of WSFS Financial worth $7,116,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WSFS. Voloridge Investment Management LLC boosted its holdings in shares of WSFS Financial by 4.2% during the 4th quarter. Voloridge Investment Management LLC now owns 40,308 shares of the bank's stock worth $2,142,000 after purchasing an additional 1,607 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WSFS Financial by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,659 shares of the bank's stock worth $1,788,000 after buying an additional 1,276 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of WSFS Financial during the 4th quarter valued at about $1,033,000. Frontier Capital Management Co. LLC grew 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 valued at $38,199,000 after purchasing an additional 48,822 shares during the period. Finally, Deutsche Bank AG increased its position in WSFS Financial by 49.6% during the fourth quarter. Deutsche Bank AG now owns 51,747 shares of the bank's stock worth $2,749,000 after purchasing an additional 17,165 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

WSFS Financial Stock Up 2.0%

Shares of WSFS traded up $1.04 during midday trading on Tuesday, hitting $53.15. The company had a trading volume of 219,310 shares, compared to its average volume of 303,382. 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 company's 50-day simple moving average is $51.29 and its 200-day simple moving average is $53.77. The firm has a market capitalization of $3.02 billion, a P/E ratio of 12.02 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.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. WSFS Financial's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The firm also recently announced 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 a boost from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 9th. This represents a $0.68 annualized dividend and a yield of 1.28%. WSFS Financial's payout ratio is presently 15.28%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target 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. Wall Street Zen lowered shares of WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Stephens reiterated an "overweight" rating and issued a $64.00 target price on shares of WSFS Financial in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.75.

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.