WSFS Financial Corporation $WSFS Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its holdings in WSFS Financial Corporation by 2.9%, selling 114,103 shares, and currently owns approximately 6.67% of the company, valued at $196.5 million.
• WSFS Financial reported $1.27 earnings per share for the last quarter, exceeding the consensus estimate by $0.14, with quarterly revenue of $267.50 million, up 0.6% year-over-year.
• The company declared a quarterly dividend of $0.17, with a dividend yield of 1.2% and a payout ratio of 14.91%, to be paid on August 22nd.

Dimensional Fund Advisors LP lowered its holdings in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,788,407 shares of the bank's stock after selling 114,103 shares during the period. Dimensional Fund Advisors LP owned approximately 6.67% of WSFS Financial worth $196,502,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WSFS. Boston Partners acquired a new stake in shares of WSFS Financial in the first quarter worth $17,668,000. Raymond James Financial Inc. acquired a new stake in shares of WSFS Financial in the fourth quarter worth $18,167,000. Nuveen LLC acquired a new stake in shares of WSFS Financial in the first quarter worth $12,090,000. Cooke & Bieler LP increased its position in shares of WSFS Financial by 14.0% in the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock worth $46,283,000 after acquiring an additional 109,519 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in WSFS Financial by 7,004.2% during the 1st quarter. GAMMA Investing LLC now owns 105,711 shares of the bank's stock valued at $5,483,000 after purchasing an additional 104,223 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Price Performance

Shares of WSFS stock opened at $55.29 on Tuesday. The firm has a market cap of $3.09 billion, a P/E ratio of 12.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75. The firm has a fifty day moving average of $55.56 and a two-hundred day moving average of $53.58.

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

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 8th. WSFS Financial's dividend payout ratio (DPR) is presently 14.91%.

Analyst Ratings Changes

A number of research firms recently weighed in on WSFS. DA Davidson raised their price target on shares of WSFS Financial from $68.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stephens reaffirmed an "overweight" rating and set a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered 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 report on Monday, April 28th. Finally, Wall Street Zen lowered shares of WSFS Financial from a "hold" rating to a "sell" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, WSFS Financial presently has a consensus rating of "Hold" and a consensus price target of $66.00.

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.

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