WSFS Financial Corporation $WSFS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,294 shares of the bank’s stock after selling 1,248 shares during the period. Mutual of America Capital Management LLC’s holdings in WSFS Financial were worth $401,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. KBC Group NV boosted its holdings in shares of WSFS Financial by 6.8% in the 1st quarter. KBC Group NV now owns 3,081 shares of the bank’s stock valued at $160,000 after buying an additional 196 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of WSFS Financial by 1.5% in the 1st quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock valued at $731,000 after buying an additional 204 shares in the last quarter. Xponance Inc. boosted its holdings in shares of WSFS Financial by 4.9% in the 1st quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock valued at $230,000 after buying an additional 209 shares in the last quarter. CWM LLC boosted its holdings in shares of WSFS Financial by 31.2% in the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after buying an additional 219 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of WSFS Financial by 10.8% in the 1st quarter. HighTower Advisors LLC now owns 5,278 shares of the bank’s stock valued at $274,000 after buying an additional 516 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

WSFS has been the subject of several research analyst reports. Cowen restated a “buy” rating on shares of WSFS Financial in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. TD Cowen initiated coverage on shares of WSFS Financial in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price for the company. Finally, DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.25.

WSFS Financial Stock Down 0.1%

WSFS stock opened at $53.71 on Wednesday. The company has a fifty day moving average price of $55.12 and a 200 day moving average price of $54.39. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $62.75. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 11.07 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. The company had revenue of $161.68 million during the quarter. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. Sell-side analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, November 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. WSFS Financial’s dividend payout ratio is presently 14.02%.

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.