WSFS Financial Co. (NASDAQ:WSFS) Stock Holdings Reduced by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,932 shares of the bank's stock after selling 14,827 shares during the quarter. Wellington Management Group LLP owned about 0.34% of WSFS Financial worth $10,676,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WSFS. FMR LLC increased its holdings in shares of WSFS Financial by 5.9% in 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. LPL Financial LLC boosted its position in shares of WSFS Financial by 1.2% during the fourth quarter. LPL Financial LLC now owns 21,060 shares of the bank's stock worth $1,119,000 after buying an additional 257 shares during the period. HighTower Advisors LLC grew its holdings in WSFS Financial by 6.5% in the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank's stock worth $253,000 after buying an additional 290 shares in the last quarter. Avantax Advisory Services Inc. increased its position in WSFS Financial by 1.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank's stock valued at $1,686,000 after acquiring an additional 493 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after acquiring an additional 550 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $7,881,456. This represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.29% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WSFS. Keefe, Bruyette & Woods upped their price objective on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Stephens reiterated an "overweight" rating and issued a $68.00 price objective 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $64.75.

WSFS Financial Price Performance

Shares of NASDAQ WSFS traded up $0.80 during midday trading on Tuesday, reaching $47.17. The company's stock had a trading volume of 44,800 shares, compared to its average volume of 288,952. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 10.67 and a beta of 0.90. WSFS Financial Co. has a one year low of $41.33 and a one 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. The company has a 50 day moving average price of $52.34 and a 200 day moving average price of $53.63.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. WSFS Financial's dividend payout ratio is currently 13.57%.

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.