First Trust Advisors LP Has $6.07 Million Stake in WSFS Financial Co. (NASDAQ:WSFS)

First Trust Advisors LP lifted its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,233 shares of the bank's stock after acquiring an additional 18,017 shares during the period. First Trust Advisors LP owned about 0.19% of WSFS Financial worth $6,069,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of WSFS Financial by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock worth $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Sei Investments Co. lifted its stake in WSFS Financial by 58.4% in the fourth quarter. Sei Investments Co. now owns 56,359 shares of the bank's stock valued at $2,994,000 after buying an additional 20,784 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of WSFS Financial during the fourth quarter valued at $18,167,000. AlphaQuest LLC acquired a new stake in shares of WSFS Financial in the 4th quarter worth about $84,000. Finally, Norges Bank bought a new stake in WSFS Financial in the 4th quarter valued at about $32,775,000. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

Shares of WSFS stock traded down $0.08 during midday trading on Tuesday, reaching $52.99. 28,603 shares of the company were exchanged, compared to its average volume of 294,290. The company's 50 day moving average price is $50.66 and its two-hundred day moving average price is $53.66. The company has a market cap of $3.07 billion, a P/E ratio of 12.01 and a beta of 0.86. WSFS Financial Co. has a 12 month low of $42.21 and a 12 month high of $62.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83.

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 firm had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 earnings per share. On average, sell-side analysts expect that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.17 dividend. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. WSFS Financial's dividend payout ratio is 15.28%.

Wall Street Analyst Weigh In

Several research analysts have commented on WSFS shares. 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 note on Monday, April 28th. Stephens reissued an "overweight" rating and issued a $64.00 price objective 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $62.75.

Insider Buying and Selling

In other news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the transaction, the chief executive officer now owns 142,780 shares in the company, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.