WSFS Financial Corporation (NASDAQ:WSFS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,430 shares of the bank’s stock after selling 737 shares during the quarter. Teacher Retirement System of Texas’ holdings in WSFS Financial were worth $697,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in WSFS Financial by 90.0% during the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock valued at $28,000 after acquiring an additional 252 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 2,500.0% during the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after purchasing an additional 550 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of WSFS Financial during the fourth quarter valued at about $32,000. VSM Wealth Advisory LLC acquired a new stake in WSFS Financial in the fourth quarter worth about $40,000. Finally, AlphaQuest LLC bought a new position in WSFS Financial in the 4th quarter valued at about $84,000. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

NASDAQ WSFS opened at $57.16 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.25 billion, a PE ratio of 12.84 and a beta of 0.87. WSFS Financial Corporation has a 12-month low of $42.44 and a 12-month high of $62.75. The company has a 50 day moving average price of $54.47 and a two-hundred day moving average price of $53.21.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. WSFS Financial had a net margin of 18.86% and a return on equity of 10.06%. The firm had revenue of $256.11 million for the quarter, compared to the consensus estimate of $235.44 million. During the same period in the prior year, the business posted $1.11 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 9th. WSFS Financial’s dividend payout ratio is 15.28%.

Analyst Ratings Changes

Several brokerages recently commented on WSFS. Keefe, Bruyette & Woods dropped their target price on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Wall Street Zen lowered WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $64.00 target price on shares of WSFS Financial in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.75.

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.