Sei Investments Co. Acquires 20,784 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Sei Investments Co. boosted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 58.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,359 shares of the bank's stock after buying an additional 20,784 shares during the period. Sei Investments Co. owned approximately 0.10% of WSFS Financial worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 2,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after purchasing an additional 550 shares during the period. VSM Wealth Advisory LLC purchased a new stake in WSFS Financial in the 4th quarter worth approximately $40,000. AlphaQuest LLC purchased a new position in shares of WSFS Financial during the 4th quarter valued at $84,000. KBC Group NV grew its holdings in shares of WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank's stock valued at $153,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of WSFS Financial by 32.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank's stock worth $176,000 after acquiring an additional 804 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on WSFS shares. Stephens restated an "overweight" rating and issued a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.75.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the transaction, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Stock Down 0.8 %

WSFS Financial stock traded down $0.36 during mid-day trading on Tuesday, hitting $46.00. 531,441 shares of the company's stock were exchanged, compared to its average volume of 285,013. WSFS Financial Co. has a 1-year low of $41.33 and a 1-year high of $62.75. The stock has a 50 day moving average of $53.26 and a two-hundred day moving average of $53.74. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.67 billion, a P/E ratio of 10.41 and a beta of 0.90.

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

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, February 7th. WSFS Financial's dividend payout ratio is 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.