WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its position in WSFS Financial Co. (NASDAQ:WSFS) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,788 shares of the bank’s stock after selling 3,187 shares during the quarter. Hantz Financial Services Inc. owned 0.09% of WSFS Financial worth $2,751,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of WSFS Financial by 3.0% in the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock valued at $154,519,000 after purchasing an additional 87,781 shares in the last quarter. Champlain Investment Partners LLC raised its stake in WSFS Financial by 1.2% in the third quarter. Champlain Investment Partners LLC now owns 1,299,998 shares of the bank’s stock valued at $66,287,000 after buying an additional 14,792 shares in the last quarter. abrdn plc lifted its holdings in WSFS Financial by 1.0% during the 3rd quarter. abrdn plc now owns 620,808 shares of the bank’s stock worth $31,655,000 after buying an additional 6,380 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of WSFS Financial by 1.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 255,452 shares of the bank’s stock worth $14,295,000 after acquiring an additional 3,861 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of WSFS Financial by 819.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock valued at $13,528,000 after acquiring an additional 226,933 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $55.60 on Friday. The stock has a market cap of $3.27 billion, a P/E ratio of 12.69 and a beta of 1.08. WSFS Financial Co. has a twelve month low of $40.19 and a twelve month high of $62.75. The stock has a 50 day moving average of $55.60 and a two-hundred day moving average of $53.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. On average, research analysts forecast that WSFS Financial Co. will post 4.26 earnings per share for the current year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, February 7th. WSFS Financial’s dividend payout ratio is currently 13.70%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Stephens restated an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, WSFS Financial presently has a consensus rating of “Hold” and an average price target of $61.25.

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.