Wellington Management Group LLP Has $10.68 Million Position in WSFS Financial Co. (NASDAQ:WSFS)

Wellington Management Group LLP cut its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,932 shares of the bank’s stock after selling 14,827 shares during the quarter. Wellington Management Group LLP owned approximately 0.34% of WSFS Financial worth $10,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its stake in shares of WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock valued at $218,000 after purchasing an additional 239 shares during the period. LPL Financial LLC raised its stake in WSFS Financial by 1.2% during the 4th 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 raised its stake in WSFS Financial by 6.5% during 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 during the period. Avantax Advisory Services Inc. raised its stake in WSFS Financial by 1.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock worth $1,686,000 after buying an additional 493 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock worth $30,000 after purchasing an additional 550 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WSFS shares. Stephens reissued an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price target on WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, WSFS Financial presently has a consensus rating of “Hold” and a consensus price target of $64.75.

Insider Activity 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 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 of the company’s stock, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $49.24 on Thursday. 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 business has a fifty day simple moving average of $52.99 and a two-hundred day simple moving average of $53.69. WSFS Financial Co. has a 1 year low of $41.33 and a 1 year high of $62.75. The company has a market capitalization of $2.86 billion, a P/E ratio of 11.14 and a beta of 0.90.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.11 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, analysts expect that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, February 7th. WSFS Financial’s dividend payout ratio is 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.