WSFS Financial Corporation $WSFS Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 876,816 shares of the bank’s stock after selling 51,597 shares during the period. Pzena Investment Management LLC’s holdings in WSFS Financial were worth $48,435,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in WSFS Financial in the 4th quarter valued at approximately $35,000. Quarry LP increased its holdings in WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares during the last quarter. First Horizon Corp increased its holdings in WSFS Financial by 40.1% in the 4th quarter. First Horizon Corp now owns 817 shares of the bank’s stock valued at $45,000 after purchasing an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in WSFS Financial by 265.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after purchasing an additional 706 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in WSFS Financial by 165.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,869 shares of the bank’s stock valued at $103,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $81.00 target price (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. DA Davidson boosted their price target on shares of WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Zacks Research downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Brean Capital started coverage on shares of WSFS Financial in a research note on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price target for the company. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.07.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $71.69 on Friday. The company has a fifty day simple moving average of $68.11 and a two-hundred day simple moving average of $62.46. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 12.76 and a beta of 0.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 52 week low of $49.92 and a 52 week high of $73.22.

WSFS Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 8th. WSFS Financial’s payout ratio is presently 14.23%.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.