Mutual of America Capital Management LLC Sells 963 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Mutual of America Capital Management LLC reduced its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,915 shares of the bank’s stock after selling 963 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WSFS Financial were worth $455,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its stake in WSFS Financial by 5.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,103 shares of the bank’s stock valued at $2,393,000 after purchasing an additional 2,708 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in WSFS Financial by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock valued at $9,119,000 after purchasing an additional 53,292 shares during the last quarter. GAMMA Investing LLC raised its position in shares of WSFS Financial by 40.5% in the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after purchasing an additional 295 shares during the period. Diversified Trust Co raised its position in shares of WSFS Financial by 2.0% in the second quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock valued at $535,000 after purchasing an additional 225 shares during the period. Finally, Wedge Capital Management L L P NC lifted 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 buying an additional 18,636 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

WSFS Financial Trading Up 0.5 %

Shares of WSFS opened at $60.43 on Thursday. WSFS Financial Co. has a 52-week low of $37.09 and a 52-week high of $62.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 13.79 and a beta of 1.02. The business’s fifty day moving average is $52.75 and its 200-day moving average is $50.38.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The company had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Equities analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. WSFS Financial’s dividend payout ratio is 13.70%.

About WSFS Financial

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.