Victory Capital Management Inc. lessened its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 42.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,331 shares of the bank's stock after selling 15,442 shares during the quarter. Victory Capital Management Inc.'s holdings in WSFS Financial were worth $1,133,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in 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. State Street Corp raised its stake in WSFS Financial by 3.0% in the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank's stock valued at $154,519,000 after purchasing an additional 87,781 shares during the last quarter. Barclays PLC raised its stake 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. Fisher Asset Management LLC raised its stake in WSFS Financial by 21.4% in the 4th quarter. Fisher Asset Management LLC now owns 267,028 shares of the bank's stock valued at $14,187,000 after purchasing an additional 47,028 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in WSFS Financial in the 3rd quarter valued at about $2,290,000. Institutional investors and hedge funds own 88.49% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, WSFS Financial presently has a consensus rating of "Hold" and a consensus target price of $64.75.
Read Our Latest Research Report on WSFS Financial
Insider Transactions at WSFS Financial
In other news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction dated 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 approximately $7,881,456. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.29% of the company's stock.
WSFS Financial Trading Up 0.7 %
WSFS traded up $0.37 during midday trading on Friday, hitting $52.05. The company's stock had a trading volume of 1,086,474 shares, compared to its average volume of 266,629. 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 firm has a market cap of $3.05 billion, a P/E ratio of 11.78 and a beta of 1.06. The firm has a 50-day moving average price of $54.22 and a two-hundred day moving average price of $53.89. WSFS Financial Co. has a 52-week low of $41.33 and a 52-week high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly 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%. On average, research analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current year.
WSFS Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, February 7th. WSFS Financial's payout ratio is currently 13.57%.
WSFS Financial Company Profile
(
Free Report)
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.
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