WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. reduced its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 827,034 shares of the bank’s stock after selling 18,825 shares during the period. Brown Advisory Inc. owned approximately 1.40% of WSFS Financial worth $43,940,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its position in WSFS Financial by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock valued at $16,856,000 after buying an additional 10,915 shares during the period. Sei Investments Co. increased its stake in shares of WSFS Financial by 58.4% in the 4th quarter. Sei Investments Co. now owns 56,359 shares of the bank’s stock valued at $2,994,000 after purchasing an additional 20,784 shares in the last quarter. Raymond James Financial Inc. acquired a new position in WSFS Financial in the 4th quarter worth about $18,167,000. AlphaQuest LLC purchased a new position in WSFS Financial during the fourth quarter worth approximately $84,000. Finally, Norges Bank acquired a new stake in WSFS Financial in the fourth quarter valued at approximately $32,775,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the firm’s stock in a transaction on 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 directly owns 142,780 shares of the company’s stock, valued at $7,881,456. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WSFS has been the topic of a number of recent analyst reports. Stephens reiterated an “overweight” rating and set a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.75.

WSFS Financial Stock Down 0.5 %

NASDAQ WSFS opened at $53.06 on Tuesday. WSFS Financial Co. has a one year low of $42.21 and a one year 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. The business has a fifty day moving average price of $50.66 and a 200 day moving average price of $53.66. The company has a market cap of $3.08 billion, a P/E ratio of 12.00 and a beta of 0.86.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The firm had revenue of $256.11 million for the quarter, compared to the consensus estimate of $235.44 million. During the same period last year, the firm posted $1.11 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The business 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, May 9th. 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%.

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.