Vanguard Group Inc. raised its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,247,277 shares of the bank’s stock after buying an additional 93,705 shares during the period. Vanguard Group Inc.’s holdings in WSFS Financial Corporation were worth $57,312,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. increased its position in WSFS Financial Corporation by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock valued at $122,000 after buying an additional 270 shares during the period. US Bancorp DE increased its position in WSFS Financial Corporation by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock valued at $151,000 after buying an additional 371 shares during the period. Advisors Asset Management Inc. increased its position in WSFS Financial Corporation by 8.8% in the first quarter. Advisors Asset Management Inc. now owns 6,425 shares of the bank’s stock valued at $295,000 after buying an additional 519 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in WSFS Financial Corporation by 8.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,420 shares of the bank’s stock valued at $341,000 after buying an additional 600 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in WSFS Financial Corporation by 1.3% in the first quarter. Parametric Portfolio Associates LLC now owns 58,171 shares of the bank’s stock valued at $2,673,000 after buying an additional 744 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

WSFS Financial Corporation (NASDAQ WSFS) traded down 0.22% during trading on Tuesday, reaching $44.85. The company had a trading volume of 1,370 shares. The stock has a 50 day moving average price of $45.60 and a 200 day moving average price of $45.58. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 20.53 and a beta of 1.19. WSFS Financial Corporation has a 12 month low of $31.90 and a 12 month high of $50.55.

WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $54.83 million. WSFS Financial Corporation had a return on equity of 10.55% and a net margin of 19.96%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. On average, equities research analysts predict that WSFS Financial Corporation will post $2.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.28 dividend on an annualized basis and a yield of 0.62%. WSFS Financial Corporation’s payout ratio is 12.73%.

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Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded WSFS Financial Corporation from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, May 2nd. BidaskClub upgraded WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded WSFS Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $49.00 target price on shares of WSFS Financial Corporation in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. WSFS Financial Corporation has a consensus rating of “Hold” and a consensus target price of $51.75.

In related news, EVP Peggy H. Eddens sold 4,911 shares of WSFS Financial Corporation stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $45.08, for a total transaction of $221,387.88. Following the completion of the sale, the executive vice president now owns 23,990 shares of the company’s stock, valued at $1,081,469.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Paul S. Greenplate sold 7,056 shares of WSFS Financial Corporation stock in a transaction on Friday, June 9th. The shares were sold at an average price of $46.28, for a total value of $326,551.68. Following the sale, the executive vice president now directly owns 10,535 shares of the company’s stock, valued at approximately $487,559.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,169 shares of company stock valued at $645,929. Insiders own 4.89% of the company’s stock.

WSFS Financial Corporation Company Profile

WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.

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Institutional Ownership by Quarter for WSFS Financial Corporation (NASDAQ:WSFS)

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