American Century Companies Inc. Reduces Stock Holdings in WSFS Financial Corporation $WSFS

American Century Companies Inc. lessened its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 774,208 shares of the bank’s stock after selling 77,007 shares during the period. American Century Companies Inc. owned 1.38% of WSFS Financial worth $42,581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in shares of WSFS Financial by 1.5% in the first quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock valued at $731,000 after purchasing an additional 204 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of WSFS Financial by 17.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares in the last quarter. CWM LLC boosted its position in 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in WSFS Financial by 0.6% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 63,782 shares of the bank’s stock worth $3,508,000 after purchasing an additional 354 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in WSFS Financial by 10.8% during the 1st quarter. HighTower Advisors LLC now owns 5,278 shares of the bank’s stock valued at $274,000 after acquiring an additional 516 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Down 1.0%

WSFS stock opened at $55.81 on Friday. The company has a fifty day simple moving average of $53.89 and a 200 day simple moving average of $54.92. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. WSFS Financial Corporation has a 1 year low of $42.44 and a 1 year high of $61.10. The firm has a market cap of $3.05 billion, a PE ratio of 11.51 and a beta of 0.93.

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

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 7th. WSFS Financial’s dividend payout ratio is currently 14.02%.

Analysts Set New Price Targets

WSFS has been the topic of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. DA Davidson downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, TD Cowen assumed coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, WSFS Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

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.