UNIVEST FINANCIAL Corp Has $639,000 Position in WSFS Financial Corporation $WSFS

UNIVEST FINANCIAL Corp reduced its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,616 shares of the bank’s stock after selling 270 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in WSFS Financial were worth $639,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Xponance Inc. increased its stake in shares of WSFS Financial by 4.9% in the first quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock worth $230,000 after acquiring an additional 209 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of WSFS Financial by 37.0% in the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank’s stock worth $106,000 after acquiring an additional 550 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of WSFS Financial by 2.2% in the first quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank’s stock worth $16,820,000 after acquiring an additional 7,012 shares during the last quarter. KBC Group NV increased its stake in shares of WSFS Financial by 6.8% in the first quarter. KBC Group NV now owns 3,081 shares of the bank’s stock worth $160,000 after acquiring an additional 196 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of WSFS Financial in the first quarter worth $661,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Tuesday. Finally, TD Cowen started coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.25.

WSFS Financial Trading Down 0.3%

WSFS Financial stock opened at $52.83 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $62.75. The company’s fifty day moving average price is $55.00 and its two-hundred day moving average price is $54.43.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. The firm had revenue of $161.68 million for the quarter. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. On average, analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th. WSFS Financial’s dividend payout ratio is presently 14.02%.

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.