Nisa Investment Advisors LLC Has $136,000 Stock Position in WSFS Financial Corporation (NASDAQ:WSFS)

Nisa Investment Advisors LLC reduced its position in WSFS Financial Corporation (NASDAQ:WSFS) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,625 shares of the bank’s stock after selling 335 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WSFS Financial were worth $136,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of WSFS. GAMMA Investing LLC increased its holdings in WSFS Financial by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank’s stock worth $106,000 after buying an additional 550 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of WSFS Financial by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank’s stock valued at $16,820,000 after buying an additional 7,012 shares in the last quarter. Sei Investments Co. boosted its stake in WSFS Financial by 58.4% in the 4th quarter. Sei Investments Co. now owns 56,359 shares of the bank’s stock worth $2,994,000 after purchasing an additional 20,784 shares in the last quarter. AlphaQuest LLC purchased a new position in WSFS Financial in the 4th quarter worth about $84,000. Finally, Norges Bank purchased a new stake in WSFS Financial in the 4th quarter worth approximately $32,775,000. 88.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen downgraded WSFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Stephens reissued an “overweight” rating and issued a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their target price on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.75.

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $58.69 on Friday. 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 firm has a market cap of $3.33 billion, a PE ratio of 13.19 and a beta of 0.87. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75. The business’s fifty day simple moving average is $54.66 and its 200-day simple moving average is $53.27.

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

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, May 9th. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.16%. WSFS Financial’s payout ratio is currently 15.28%.

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.