WSFS Financial Co. (NASDAQ:WSFS) Stock Holdings Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,028 shares of the bank's stock after purchasing an additional 47,028 shares during the quarter. Fisher Asset Management LLC owned approximately 0.45% of WSFS Financial worth $14,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of WSFS Financial by 3.0% during the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank's stock valued at $154,519,000 after acquiring an additional 87,781 shares during the last quarter. Champlain Investment Partners LLC increased its position in WSFS Financial by 1.2% during the third quarter. Champlain Investment Partners LLC now owns 1,299,998 shares of the bank's stock worth $66,287,000 after purchasing an additional 14,792 shares during the last quarter. Principal Financial Group Inc. increased its position in WSFS Financial by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock worth $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Eagle Asset Management Inc. raised its stake in WSFS Financial by 1.5% during the third quarter. Eagle Asset Management Inc. now owns 255,452 shares of the bank's stock worth $14,295,000 after purchasing an additional 3,861 shares during the period. Finally, Assenagon Asset Management S.A. boosted 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 purchasing an additional 226,933 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 142,780 shares of the company's stock, valued at $7,881,456. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.29% of the stock is currently owned by insiders.

WSFS Financial Stock Up 1.7 %

NASDAQ:WSFS traded up $0.87 during mid-day trading on Friday, hitting $52.46. The company had a trading volume of 339,853 shares, compared to its average volume of 261,301. The business has a fifty day simple moving average of $54.48 and a 200-day simple moving average of $54.02. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.87 and a beta of 1.06. WSFS Financial Co. has a 1 year low of $40.99 and a 1 year high of $62.75. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its 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 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.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial's dividend payout ratio (DPR) is 13.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WSFS shares. Stephens reaffirmed an "overweight" rating and issued a $68.00 target price on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their price objective on WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $64.75.

WSFS Financial Company Profile

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.