WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,867 shares of the bank's stock after selling 26,284 shares during the period. Price T Rowe Associates Inc. MD owned about 0.09% of WSFS Financial worth $2,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC boosted 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 buying an additional 63,284 shares during the period. Assenagon Asset Management S.A. grew its position in WSFS Financial by 819.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank's stock valued at $13,528,000 after acquiring an additional 226,933 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in WSFS Financial in the fourth quarter worth $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 worth $153,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake 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 during the period. Institutional investors own 88.49% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on WSFS. Keefe, Bruyette & Woods reduced 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 note on Monday, April 28th. Stephens reiterated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.75.

Insider Transactions at WSFS Financial

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

WSFS Financial Stock Down 1.0 %

WSFS stock traded down $0.56 during trading on Friday, hitting $53.35. 299,322 shares of the company's stock traded hands, compared to its average volume of 296,243. The firm has a market capitalization of $3.09 billion, a P/E ratio of 12.07 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. 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 business has a fifty day simple moving average of $50.64 and a two-hundred day simple moving average of $53.69.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released 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 return on equity of 10.30% and a net margin of 18.77%. The firm had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. During the same period in the previous year, the company posted $1.11 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.27%. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 9th. WSFS Financial's dividend payout ratio (DPR) is 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.