Geode Capital Management LLC Sells 17,129 Shares of WSFS Financial Corporation $WSFS

Geode Capital Management LLC trimmed its position in WSFS Financial Corporation (NASDAQ:WSFS) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,362,336 shares of the bank’s stock after selling 17,129 shares during the quarter. Geode Capital Management LLC owned about 2.49% of WSFS Financial worth $75,266,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of WSFS Financial in the fourth quarter worth about $35,000. Clearstead Advisors LLC grew its position in WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after acquiring an additional 489 shares in the last quarter. Quarry LP grew its position in WSFS Financial by 159.7% in the third quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after acquiring an additional 500 shares in the last quarter. First Horizon Corp grew its position in WSFS Financial by 40.1% in the fourth quarter. First Horizon Corp now owns 817 shares of the bank’s stock worth $45,000 after acquiring an additional 234 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in WSFS Financial by 265.4% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after acquiring an additional 706 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on WSFS. TD Cowen reiterated a “buy” rating and issued a $82.00 price target (up from $77.00) on shares of WSFS Financial in a research report on Wednesday, April 29th. Zacks Research lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Brean Capital began coverage on WSFS Financial in a research report on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price target for the company. Piper Sandler reiterated a “neutral” rating and issued a $80.00 price target (up from $72.00) on shares of WSFS Financial in a research report on Wednesday, May 6th. Finally, UBS Group set a $76.00 price target on WSFS Financial in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.07.

WSFS Financial Stock Up 0.5%

Shares of NASDAQ:WSFS opened at $72.15 on Tuesday. WSFS Financial Corporation has a 1 year low of $49.92 and a 1 year high of $73.22. The business has a 50 day simple moving average of $70.04 and a two-hundred day simple moving average of $63.96. The firm has a market capitalization of $3.75 billion, a PE ratio of 12.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85.

WSFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 8th. WSFS Financial’s dividend payout ratio (DPR) is presently 14.23%.

About WSFS Financial

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.