Raymond James Financial Inc. Buys Shares of 341,943 WSFS Financial Co. (NASDAQ:WSFS)

Raymond James Financial Inc. acquired a new position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 341,943 shares of the bank's stock, valued at approximately $18,167,000. Raymond James Financial Inc. owned approximately 0.58% of WSFS Financial at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in WSFS Financial by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock valued at $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Sei Investments Co. increased its position in WSFS Financial by 58.4% in the 4th quarter. Sei Investments Co. now owns 56,359 shares of the bank's stock valued at $2,994,000 after acquiring an additional 20,784 shares in the last quarter. AlphaQuest LLC acquired a new stake in WSFS Financial in the 4th quarter valued at about $84,000. Norges Bank acquired a new position in shares of WSFS Financial during the fourth quarter worth approximately $32,775,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of WSFS Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank's stock valued at $39,347,000 after purchasing an additional 19,650 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WSFS Financial

In other news, CEO Rodger Levenson sold 7,199 shares of the business'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 transaction of $397,384.80. Following the completion of the sale, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.29% of the company's stock.

WSFS Financial Stock Up 1.6 %

WSFS Financial stock traded up $0.85 during midday trading on Thursday, reaching $52.07. The stock had a trading volume of 255,094 shares, compared to its average volume of 325,740. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. WSFS Financial Co. has a 1-year low of $42.21 and a 1-year high of $62.75. The stock has a market capitalization of $3.02 billion, a P/E ratio of 11.78 and a beta of 0.90. The firm's fifty day simple moving average is $51.11 and its 200-day simple moving average is $53.53.

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

Analyst Ratings Changes

WSFS has been the topic of a number of research reports. Stephens restated an "overweight" rating and set a $68.00 target price on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their price target on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.