WSFS Financial Corporation $WSFS Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,577 shares of the bank’s stock after selling 555 shares during the period. State of New Jersey Common Pension Fund D’s holdings in WSFS Financial were worth $1,957,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in WSFS Financial by 6.8% in the 1st quarter. KBC Group NV now owns 3,081 shares of the bank’s stock worth $160,000 after buying an additional 196 shares in the last quarter. Natixis Advisors LLC lifted its holdings in WSFS Financial by 1.5% in the 1st quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock worth $731,000 after buying an additional 204 shares in the last quarter. Xponance Inc. raised its holdings in WSFS Financial by 4.9% in the first quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock valued at $230,000 after acquiring an additional 209 shares in the last quarter. CWM LLC boosted its stake in WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after acquiring an additional 219 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.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Tuesday. TD Cowen began coverage on shares of WSFS Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

WSFS Financial Trading Down 1.4%

WSFS Financial stock opened at $52.09 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $54.89 and a two-hundred day moving average price of $54.47. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.74 and a beta of 0.86. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th. WSFS Financial’s dividend payout ratio is currently 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.