Yousif Capital Management LLC Sells 580 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Yousif Capital Management LLC trimmed its position in WSFS Financial Co. (NASDAQ:WSFS) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,343 shares of the bank’s stock after selling 580 shares during the period. Yousif Capital Management LLC’s holdings in WSFS Financial were worth $1,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after acquiring an additional 900 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of WSFS Financial during the third quarter worth about $127,000. KBC Group NV lifted its holdings in shares of WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after purchasing an additional 1,172 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of WSFS Financial in the 3rd quarter valued at approximately $202,000. Finally, Lansing Street Advisors acquired a new position in shares of WSFS Financial in the 3rd quarter valued at approximately $207,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WSFS shares. Keefe, Bruyette & Woods raised their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, WSFS Financial has an average rating of “Hold” and a consensus target price of $64.75.

WSFS Financial Trading Up 0.3 %

WSFS Financial stock opened at $56.47 on Friday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 12.78 and a beta of 1.08. The firm has a 50-day moving average of $55.08 and a 200-day moving average of $53.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a one year low of $40.79 and a one year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, equities analysts expect that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. WSFS Financial’s payout ratio is 13.57%.

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.