WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,334 shares of the bank’s stock after selling 512 shares during the period. Stifel Financial Corp’s holdings in WSFS Financial were worth $884,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of WSFS Financial during the 2nd quarter valued at about $114,000. Hantz Financial Services Inc. purchased a new stake in WSFS Financial in the second quarter valued at approximately $2,664,000. Victory Capital Management Inc. increased its position in WSFS Financial by 3.9% during the second quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank’s stock worth $1,323,000 after purchasing an additional 1,056 shares during the last quarter. Great Lakes Advisors LLC raised its stake in WSFS Financial by 7.0% during the second quarter. Great Lakes Advisors LLC now owns 60,595 shares of the bank’s stock worth $2,848,000 after purchasing an additional 3,942 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of WSFS Financial by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank’s stock valued at $41,241,000 after purchasing an additional 191,566 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

WSFS has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Three 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, the company currently has an average rating of “Hold” and a consensus target price of $59.75.

WSFS Financial Stock Up 0.5 %

Shares of NASDAQ:WSFS opened at $53.96 on Wednesday. The company has a 50 day moving average of $55.66 and a two-hundred day moving average of $52.23. WSFS Financial Co. has a 52-week low of $40.19 and a 52-week high of $62.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.32 and a beta of 1.06.

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

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. WSFS Financial’s 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.