Los Angeles Capital Management LLC Has $278,000 Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Los Angeles Capital Management LLC lowered its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 61.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,231 shares of the bank's stock after selling 8,329 shares during the quarter. Los Angeles Capital Management LLC's holdings in WSFS Financial were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WSFS. FMR LLC boosted its position in WSFS Financial by 5.9% during the 3rd quarter. FMR LLC now owns 4,283 shares of the bank's stock worth $218,000 after acquiring an additional 239 shares during the period. International Assets Investment Management LLC lifted its holdings in WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock valued at $47,000 after acquiring an additional 900 shares during the last quarter. KBC Group NV lifted its stake in WSFS Financial by 68.4% during the fourth quarter. KBC Group NV now owns 2,885 shares of the bank's stock valued at $153,000 after buying an additional 1,172 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in WSFS Financial by 11.4% during the fourth quarter. Handelsbanken Fonder AB now owns 13,705 shares of the bank's stock valued at $728,000 after buying an additional 1,400 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its stake in WSFS Financial by 18.0% during the third quarter. Advantage Alpha Capital Partners LP now owns 9,465 shares of the bank's stock valued at $483,000 after buying an additional 1,446 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

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Insider Buying and Selling at WSFS Financial

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 sale, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.29% of the company's stock.

Wall Street Analyst Weigh In

WSFS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, WSFS Financial presently has an average rating of "Hold" and a consensus price target of $64.75.

WSFS Financial Stock Performance

Shares of WSFS traded up $0.87 during mid-day trading on Friday, hitting $52.46. The company's stock had a trading volume of 339,853 shares, compared to its average volume of 261,301. WSFS Financial Co. has a one year low of $40.99 and a one year high of $62.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market capitalization of $3.07 billion, a PE ratio of 11.87 and a beta of 1.06. The stock's 50-day moving average is $54.46 and its two-hundred day moving average is $54.03.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. WSFS Financial's payout ratio is presently 13.57%.

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.