UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,636 Shares of WSFS Financial Co. (NASDAQ:WSFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 9.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,468 shares of the bank's stock after selling 13,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of WSFS Financial worth $6,500,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Louisiana State Employees Retirement System raised its stake in shares of WSFS Financial by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank's stock worth $1,419,000 after purchasing an additional 200 shares in the last quarter. Diversified Trust Co increased its stake in shares of WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank's stock worth $535,000 after purchasing an additional 225 shares during the last quarter. FMR LLC raised its holdings in shares of WSFS Financial by 5.9% in 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. GAMMA Investing LLC lifted its stake in WSFS Financial by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock valued at $74,000 after purchasing an additional 428 shares during the last quarter. Finally, Profund Advisors LLC grew its holdings in WSFS Financial by 9.4% during the second quarter. Profund Advisors LLC now owns 5,273 shares of the bank's stock worth $248,000 after purchasing an additional 452 shares during the period. Institutional investors own 88.49% of the company's stock.

Analysts Set New Price Targets

WSFS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, WSFS Financial has an average rating of "Hold" and an average target price of $59.75.

WSFS Financial Stock Performance

NASDAQ WSFS traded up $0.27 on Wednesday, reaching $59.09. The stock had a trading volume of 378,025 shares, compared to its average volume of 275,024. WSFS Financial Co. has a 1-year low of $40.19 and a 1-year high of $62.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $3.48 billion, a P/E ratio of 13.49 and a beta of 1.06. The firm has a fifty day moving average of $54.67 and a two-hundred day moving average of $51.43.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share 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 firm had revenue of $267.61 million during the quarter, compared to analysts' expectations of $260.35 million. During the same period in the previous year, the firm earned $1.23 EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.02%. WSFS Financial's dividend payout ratio (DPR) 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.