WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,949 shares of the bank's stock after selling 5,606 shares during the quarter. Voya Investment Management LLC owned 0.06% of WSFS Financial worth $1,751,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WSFS. Farther Finance Advisors LLC grew its stake in WSFS Financial by 2,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after acquiring an additional 550 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in WSFS Financial during the 4th quarter valued at $32,000. VSM Wealth Advisory LLC purchased a new stake in shares of WSFS Financial in the 4th quarter worth $40,000. AlphaQuest LLC bought a new position in shares of WSFS Financial during the 4th quarter worth $84,000. Finally, Sterling Capital Management LLC raised its holdings in shares of WSFS Financial by 804.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock valued at $99,000 after acquiring an additional 1,657 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Stock Down 1.0 %

Shares of WSFS Financial stock traded down $0.56 during trading on Friday, reaching $53.35. The company's stock had a trading volume of 299,322 shares, compared to its average volume of 296,821. The company has a 50-day simple moving average of $50.64 and a two-hundred day simple moving average of $53.71. WSFS Financial Co. has a 1-year low of $42.21 and a 1-year high of $62.75. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 12.07 and a beta of 0.86. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. The business had revenue of $256.11 million for the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. As a group, equities analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.17 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio (DPR) is currently 15.28%.

Insider Activity

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction 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. The trade was a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

WSFS has been the subject of several recent research reports. Stephens restated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $62.75.

About WSFS Financial

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.