WSFS Financial Corporation $WSFS Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761,455 shares of the bank’s stock after selling 46,347 shares during the period. Brown Advisory Inc.’s holdings in WSFS Financial were worth $41,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its position 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 purchasing an additional 219 shares during the period. EverSource Wealth Advisors LLC lifted its stake in WSFS Financial by 265.4% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after buying an additional 706 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in WSFS Financial by 618.4% in the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock valued at $69,000 after buying an additional 1,076 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock valued at $79,000 after acquiring an additional 212 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of WSFS Financial during the second quarter worth approximately $82,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WSFS shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, TD Cowen started coverage on WSFS Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, WSFS Financial presently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

WSFS Financial Stock Down 0.4%

Shares of WSFS Financial stock opened at $55.83 on Friday. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $60.17. The company has a market cap of $3.05 billion, a P/E ratio of 11.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a fifty day moving average of $53.97 and a two-hundred day moving average of $54.95.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share (EPS) for the quarter. The business had revenue of $161.68 million for the quarter. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. On average, analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis 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 14.02%.

WSFS Financial 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.