Geode Capital Management LLC Sells 15,499 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Geode Capital Management LLC trimmed its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,407,117 shares of the bank's stock after selling 15,499 shares during the period. Geode Capital Management LLC owned about 2.39% of WSFS Financial worth $74,777,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after acquiring an additional 550 shares during the period. Crowley Wealth Management Inc. bought a new position in shares of WSFS Financial in the fourth quarter worth $32,000. VSM Wealth Advisory LLC purchased a new stake in shares of WSFS Financial in the fourth quarter worth $40,000. AlphaQuest LLC purchased a new position in WSFS Financial during the fourth quarter worth about $84,000. Finally, New Age Alpha Advisors LLC bought a new position in WSFS Financial in the 4th quarter worth about $149,000. Institutional investors own 88.49% of the company's stock.

WSFS Financial Trading Up 0.2 %

WSFS Financial stock traded up $0.11 during mid-day trading on Thursday, hitting $47.59. The company's stock had a trading volume of 117,019 shares, compared to its average volume of 290,662. The business has a 50 day moving average price of $51.90 and a 200-day moving average price of $53.55. WSFS Financial Co. has a 12 month low of $41.58 and a 12 month high of $62.75. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 10.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued 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 return on equity of 10.30% and a net margin of 18.77%. As a group, analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WSFS shares. Stephens reissued an "overweight" rating and issued a $68.00 price target on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price target on WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, WSFS Financial has a consensus rating of "Hold" and an average target price of $64.75.

Insider Transactions at WSFS Financial

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the firm's 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 sale, the chief executive officer now owns 142,780 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.21% of the company's stock.

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.