Champlain Investment Partners LLC Sells 65,164 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Champlain Investment Partners LLC lessened its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,234,834 shares of the bank's stock after selling 65,164 shares during the period. Champlain Investment Partners LLC owned 2.10% of WSFS Financial worth $65,607,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank's stock valued at $218,000 after purchasing an additional 239 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of WSFS Financial in the third quarter valued at approximately $235,000. Barclays PLC raised its position in WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after purchasing an additional 63,284 shares during the last quarter. Sanctuary Advisors LLC lifted its position in WSFS Financial by 100.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank's stock worth $657,000 after buying an additional 6,466 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of WSFS Financial by 18.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 57,558 shares of the bank's stock worth $2,935,000 after acquiring an additional 8,763 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the transaction, the chief executive officer now directly owns 142,780 shares of the company's stock, valued at $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens reaffirmed an "overweight" rating and set a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their target price on WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $64.75.

WSFS Financial Trading Up 1.0 %

NASDAQ WSFS traded up $0.46 during trading hours on Friday, reaching $47.94. The company's stock had a trading volume of 445,212 shares, compared to its average volume of 292,452. The stock has a market cap of $2.78 billion, a P/E ratio of 10.85 and a beta of 0.90. The firm has a fifty day simple moving average of $51.51 and a 200-day simple moving average of $53.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a 52 week low of $42.21 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Equities analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

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.