Fmr LLC Raises Holdings in WSFS Financial Co. (NASDAQ:WSFS)

FMR LLC raised its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 92.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,497,363 shares of the bank’s stock after purchasing an additional 1,200,476 shares during the quarter. FMR LLC owned 4.68% of WSFS Financial worth $96,399,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of WSFS Financial by 8.9% during the 4th quarter. BlackRock Inc. now owns 2,341,196 shares of the bank’s stock valued at $88,757,000 after buying an additional 191,758 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in WSFS Financial by 9.9% in the 4th quarter. Macquarie Group Ltd. now owns 1,448,624 shares of the bank’s stock worth $54,917,000 after purchasing an additional 130,328 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in WSFS Financial by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,361,132 shares of the bank’s stock worth $51,600,000 after purchasing an additional 64,474 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in WSFS Financial by 1.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,181,319 shares of the bank’s stock worth $45,599,000 after purchasing an additional 13,676 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in WSFS Financial by 37.8% in the 1st quarter. OppenheimerFunds Inc. now owns 1,057,592 shares of the bank’s stock worth $40,822,000 after purchasing an additional 290,207 shares in the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.

WSFS has been the topic of a number of research analyst reports. BidaskClub cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $173.00 price target on DexCom and gave the stock a “buy” rating in a report on Monday, July 15th. Boenning Scattergood reissued an “outperform” rating and issued a $47.75 price target on shares of WSFS Financial in a report on Thursday, June 20th. Finally, Zacks Investment Research cut Zafgen from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.94.

NASDAQ:WSFS traded up $0.18 during trading hours on Friday, reaching $39.72. The stock had a trading volume of 371,855 shares, compared to its average volume of 345,284. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. WSFS Financial Co. has a 52 week low of $33.75 and a 52 week high of $57.70. The company’s 50 day moving average price is $40.78. The company has a market capitalization of $2.11 billion, a PE ratio of 11.19, a PEG ratio of 0.97 and a beta of 1.12.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.91 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.91. WSFS Financial had a return on equity of 12.03% and a net margin of 22.95%. The business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $125.86 million. Sell-side analysts anticipate that WSFS Financial Co. will post 3.4 EPS for the current fiscal year.

In other news, CEO Rodger Levenson sold 13,981 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $42.95, for a total transaction of $600,483.95. Following the transaction, the chief executive officer now owns 70,152 shares of the company’s stock, valued at approximately $3,013,028.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Turner sold 96,154 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $42.79, for a total value of $4,114,429.66. Following the transaction, the director now directly owns 167,368 shares in the company, valued at approximately $7,161,676.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,346 shares of company stock worth $10,779,390. Corporate insiders own 2.42% of the company’s stock.

About WSFS Financial

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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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