Prudential Financial Inc. Sells 28,850 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Prudential Financial Inc. lessened its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,831 shares of the bank’s stock after selling 28,850 shares during the quarter. Prudential Financial Inc. owned about 0.10% of WSFS Financial worth $3,179,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its position in WSFS Financial by 5.9% during the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock valued at $218,000 after purchasing an additional 239 shares during the period. BNP Paribas Financial Markets lifted its holdings in WSFS Financial by 95.1% in the third quarter. BNP Paribas Financial Markets now owns 23,926 shares of the bank’s stock valued at $1,220,000 after buying an additional 11,660 shares during the period. Glenmede Trust Co. NA boosted its stake in WSFS Financial by 21.0% in the third quarter. Glenmede Trust Co. NA now owns 9,285 shares of the bank’s stock valued at $473,000 after acquiring an additional 1,612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in WSFS Financial during the 3rd quarter worth $278,000. Finally, Paloma Partners Management Co bought a new stake in shares of WSFS Financial during the 3rd quarter valued at $366,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

WSFS stock opened at $52.67 on Thursday. WSFS Financial Co. has a 1-year low of $41.33 and a 1-year high of $62.75. 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 firm has a market cap of $3.08 billion, a PE ratio of 11.92 and a beta of 1.06. The business’s 50-day moving average price is $54.06 and its two-hundred day moving average price is $53.95.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share 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%. As a group, research analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s dividend payout ratio is 13.57%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WSFS. Stephens restated an “overweight” rating and issued a $68.00 price target on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their target price on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.75.

Insider Buying and Selling

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is currently owned by company 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.