Ameriprise Financial Inc. Trims Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Ameriprise Financial Inc. trimmed its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,222 shares of the bank's stock after selling 15,004 shares during the period. Ameriprise Financial Inc. owned about 0.24% of WSFS Financial worth $7,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of WSFS Financial by 110.8% during the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after purchasing an additional 63,284 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of WSFS Financial during the fourth quarter valued at about $207,000. KBC Group NV lifted its position in shares of WSFS Financial by 68.4% during the fourth quarter. KBC Group NV now owns 2,885 shares of the bank's stock valued at $153,000 after purchasing an additional 1,172 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of WSFS Financial by 2.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock valued at $3,142,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of WSFS Financial by 10.7% during the fourth 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. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on WSFS. Keefe, Bruyette & Woods dropped their price target on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Stephens reissued an "overweight" rating and set a $64.00 price target on shares of WSFS Financial in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.75.

WSFS Financial Stock Performance

NASDAQ WSFS traded up $1.27 during trading hours on Tuesday, reaching $54.03. 196,372 shares of the company were exchanged, compared to its average volume of 303,213. WSFS Financial Co. has a 1 year low of $42.21 and a 1 year high of $62.75. The business's 50 day simple moving average is $51.29 and its 200-day simple moving average is $53.94. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.07 billion, a P/E ratio of 12.22 and a beta of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. During the same quarter last year, the company posted $1.11 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.17 dividend. This is an increase 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 dividend yield of 1.26%. WSFS Financial's dividend payout ratio (DPR) is presently 15.28%.

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.