WSFS Financial Corporation $WSFS Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 51.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,959 shares of the bank’s stock after selling 16,990 shares during the period. Voya Investment Management LLC’s holdings in WSFS Financial were worth $828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WSFS. T. Rowe Price Investment Management Inc. raised its holdings in shares of WSFS Financial by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,320,766 shares of the bank’s stock worth $120,379,000 after purchasing an additional 7,591 shares during the last quarter. Invesco Ltd. increased its holdings in WSFS Financial by 1.6% in the first quarter. Invesco Ltd. now owns 969,476 shares of the bank’s stock valued at $50,287,000 after buying an additional 15,281 shares in the last quarter. Cooke & Bieler LP increased its holdings in WSFS Financial by 14.0% in the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank’s stock valued at $46,283,000 after buying an additional 109,519 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in WSFS Financial by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,085 shares of the bank’s stock valued at $38,803,000 after buying an additional 7,501 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in WSFS Financial by 0.8% in the first quarter. The Manufacturers Life Insurance Company now owns 597,649 shares of the bank’s stock valued at $31,000,000 after buying an additional 4,913 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

WSFS Financial stock opened at $54.73 on Thursday. The firm has a 50 day simple moving average of $56.27 and a 200-day simple moving average of $53.86. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 12.00 and a beta of 0.91.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The firm had revenue of $267.50 million for the quarter, compared to analyst estimates of $221.93 million. During the same period in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. WSFS Financial’s dividend payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

WSFS has been the subject of a number of recent analyst reports. DA Davidson lifted their price objective on shares of WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 28th. Wall Street Zen cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.00.

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.