Yousif Capital Management LLC Sells 682 Shares of WSFS Financial Corporation (NASDAQ:WSFS)

Yousif Capital Management LLC reduced its position in WSFS Financial Corporation (NASDAQ:WSFS) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,661 shares of the bank’s stock after selling 682 shares during the quarter. Yousif Capital Management LLC’s holdings in WSFS Financial were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of WSFS Financial by 7,004.2% in the first quarter. GAMMA Investing LLC now owns 105,711 shares of the bank’s stock worth $5,483,000 after purchasing an additional 104,223 shares during the period. Versant Capital Management Inc boosted its position in shares of WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock worth $28,000 after acquiring an additional 252 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of WSFS Financial by 5.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 133,936 shares of the bank’s stock worth $7,116,000 after acquiring an additional 6,468 shares during the last quarter. Voloridge Investment Management LLC boosted its position in shares of WSFS Financial by 4.2% during the fourth quarter. Voloridge Investment Management LLC now owns 40,308 shares of the bank’s stock worth $2,142,000 after acquiring an additional 1,607 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of WSFS Financial by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,659 shares of the bank’s stock worth $1,788,000 after acquiring an additional 1,276 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

WSFS stock opened at $51.35 on Thursday. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $52.01 and a two-hundred day simple moving average of $53.27. The firm has a market capitalization of $2.92 billion, a P/E ratio of 11.54 and a beta of 0.87.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. WSFS Financial had a net margin of 18.86% and a return on equity of 10.06%. The business had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. During the same quarter last year, the business earned $1.11 earnings per share. WSFS Financial’s quarterly revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.17 per share. The ex-dividend date was Friday, May 9th. This represents a $0.68 annualized dividend and a yield of 1.32%. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.15. WSFS Financial’s dividend payout ratio (DPR) is 15.28%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of WSFS Financial from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. Stephens restated an “overweight” rating and set a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Wall Street Zen lowered shares of WSFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, WSFS Financial currently has a consensus rating of “Hold” and a consensus target price of $62.75.

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.