T. Rowe Price Investment Management Inc. lifted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,313,175 shares of the bank's stock after purchasing an additional 19,895 shares during the period. T. Rowe Price Investment Management Inc. owned about 3.93% of WSFS Financial worth $122,899,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after acquiring an additional 550 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in WSFS Financial during the 4th quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new position in WSFS Financial in the 4th quarter valued at about $40,000. AlphaQuest LLC purchased a new position in WSFS Financial in the 4th quarter valued at about $84,000. Finally, Sterling Capital Management LLC boosted its stake in shares of WSFS Financial by 804.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock worth $99,000 after purchasing an additional 1,657 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.
WSFS Financial Trading Down 0.9 %
Shares of WSFS Financial stock traded down $0.49 during trading hours on Friday, reaching $51.66. The stock had a trading volume of 422,296 shares, compared to its average volume of 293,958. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 11.69 and a beta of 0.90. WSFS Financial Co. has a 1 year low of $42.21 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 50 day simple moving average of $50.93 and a two-hundred day simple moving average of $53.63.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The firm had revenue of $256.11 million for the quarter, compared to analyst estimates of $235.44 million. As a group, equities research analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current year.
WSFS Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.17 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio is currently 15.28%.
Insider Buying and Selling at WSFS Financial
In other news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.29% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
WSFS has been the topic of a number of research analyst reports. Stephens reissued an "overweight" rating and issued a $68.00 price target on shares of WSFS Financial in a research note on Tuesday, January 28th. 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 research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $64.75.
Check Out Our Latest Analysis on WSFS
WSFS Financial Company Profile
(
Free Report)
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.
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