Voya Investment Management LLC Sells 5,606 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Voya Investment Management LLC trimmed its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,949 shares of the bank's stock after selling 5,606 shares during the period. Voya Investment Management LLC owned about 0.06% of WSFS Financial worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WSFS. Barclays PLC raised its stake in shares of WSFS Financial by 110.8% in the 3rd 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 during the period. Assenagon Asset Management S.A. raised its holdings in shares of WSFS Financial by 819.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank's stock valued at $13,528,000 after purchasing an additional 226,933 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in WSFS Financial during the fourth quarter worth $207,000. KBC Group NV lifted its position in WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank's stock worth $153,000 after buying an additional 1,172 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in WSFS Financial by 2.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock worth $3,142,000 after acquiring an additional 1,578 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

WSFS Financial Stock Performance

Shares of WSFS traded down $0.15 during mid-day trading on Wednesday, reaching $52.81. The company's stock had a trading volume of 242,202 shares, compared to its average volume of 295,377. WSFS Financial Co. has a 1-year low of $42.21 and a 1-year high of $62.75. The business has a 50-day simple moving average of $50.62 and a two-hundred day simple moving average of $53.65. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.06 billion, a P/E ratio of 11.95 and a beta of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its 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. The business had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. WSFS Financial's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, equities research analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.17 per share. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, May 9th. WSFS Financial's dividend payout ratio (DPR) is presently 15.28%.

Insider Activity at WSFS Financial

In other news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction that occurred on Friday, February 21st. The shares were 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 directly owns 142,780 shares in the company, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

WSFS Financial 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.