WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,965,798 shares of the bank’s stock after selling 54,582 shares during the period. Vanguard Group Inc. owned approximately 11.56% of WSFS Financial worth $319,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in WSFS Financial by 7,791.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 166,426 shares of the bank’s stock worth $7,644,000 after buying an additional 164,317 shares during the period. Norges Bank acquired a new stake in WSFS Financial in the 4th quarter valued at approximately $31,369,000. Assenagon Asset Management S.A. raised its position in WSFS Financial by 169.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 205,025 shares of the bank’s stock valued at $9,417,000 after purchasing an additional 128,834 shares during the period. Wedge Capital Management L L P NC lifted its stake in WSFS Financial by 130.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 64,370 shares of the bank’s stock worth $2,957,000 after purchasing an additional 36,424 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of WSFS Financial by 1,032.9% during the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock worth $38,000 after buying an additional 754 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Price Performance

Shares of WSFS opened at $47.00 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 10.49 and a beta of 1.01. WSFS Financial Co. has a fifty-two week low of $33.12 and a fifty-two week high of $47.97. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average price is $44.65 and its 200 day moving average price is $44.13.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $251.10 million during the quarter, compared to analyst estimates of $247.57 million. WSFS Financial had a return on equity of 11.94% and a net margin of 20.73%. WSFS Financial’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. On average, research analysts forecast that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.28%. WSFS Financial’s dividend payout ratio (DPR) is 13.39%.

Insider Buying and Selling

In other news, EVP Stephen P. Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total value of $139,830.00. Following the sale, the executive vice president now directly owns 25,671 shares in the company, valued at approximately $1,196,525.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their target price on WSFS Financial from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd.

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.