Pzena Investment Management LLC Has $42 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Pzena Investment Management LLC trimmed its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,584 shares of the bank's stock after selling 25,886 shares during the quarter. Pzena Investment Management LLC owned 1.34% of WSFS Financial worth $42,004,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Mill Creek Capital Advisors LLC bought a new position in WSFS Financial in the third quarter valued at about $718,000. Principal Financial Group Inc. raised its stake in shares of WSFS Financial by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock valued at $16,856,000 after buying an additional 10,915 shares during the period. Jane Street Group LLC lifted its position in shares of WSFS Financial by 47.9% during the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank's stock worth $5,821,000 after acquiring an additional 36,990 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of WSFS Financial by 30.6% in the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank's stock worth $1,875,000 after buying an additional 8,617 shares in the last quarter. Finally, Barclays PLC increased its stake in WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after acquiring an additional 63,284 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

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WSFS Financial Trading Up 2.7 %

Shares of WSFS stock traded up $1.38 on Friday, hitting $52.00. The stock had a trading volume of 444,184 shares, compared to its average volume of 277,620. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The firm has a market capitalization of $3.05 billion, a P/E ratio of 11.76 and a beta of 1.06. WSFS Financial Co. has a 1 year low of $41.13 and a 1 year high of $62.75. The company's 50 day moving average price is $54.26 and its 200-day moving average price is $53.97.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share (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%. Analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial's dividend payout ratio is currently 13.57%.

Insider Buying and Selling

In related news, CEO Rodger Levenson sold 7,199 shares of the 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 transaction, the chief executive officer now directly owns 142,780 shares of the company's stock, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WSFS. Stephens reiterated an "overweight" rating and set a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price objective 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, WSFS Financial presently has an average 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.