UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in WSFS Financial Co. (NASDAQ:WSFS) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,468 shares of the bank’s stock after selling 13,636 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of WSFS Financial worth $6,500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WSFS. Diversified Trust Co boosted its stake in shares of WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock worth $535,000 after acquiring an additional 225 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of WSFS Financial by 29.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock worth $3,871,000 after acquiring an additional 18,636 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in shares of WSFS Financial during the 2nd quarter worth $329,000. Louisiana State Employees Retirement System boosted its stake in shares of WSFS Financial by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock worth $1,419,000 after acquiring an additional 200 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of WSFS Financial during the 2nd quarter worth $114,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 0.6 %

Shares of WSFS stock opened at $58.82 on Wednesday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 13.43 and a beta of 1.06. WSFS Financial Co. has a one year low of $40.19 and a one year high of $62.75. The company’s fifty day moving average price is $54.47 and its 200-day moving average price is $51.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. The firm had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.23 EPS. Sell-side analysts expect that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. WSFS Financial’s dividend payout ratio is currently 13.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $59.75.

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.