LPL Financial LLC Raises Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

LPL Financial LLC lifted its stake in WSFS Financial Co. (NASDAQ:WSFS) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,060 shares of the bank’s stock after buying an additional 257 shares during the quarter. LPL Financial LLC’s holdings in WSFS Financial were worth $1,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cooke & Bieler LP raised its position in WSFS Financial by 1.5% during the fourth quarter. Cooke & Bieler LP now owns 782,767 shares of the bank’s stock valued at $41,588,000 after purchasing an additional 11,414 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in WSFS Financial by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank’s stock worth $39,347,000 after purchasing an additional 19,650 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of WSFS Financial during the fourth quarter valued at $18,167,000. Principal Financial Group Inc. grew its stake in WSFS Financial by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock worth $16,856,000 after acquiring an additional 10,915 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of WSFS Financial by 21.4% during the fourth quarter. Fisher Asset Management LLC now owns 267,028 shares of the bank’s stock worth $14,187,000 after acquiring an additional 47,028 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Insider Activity at WSFS Financial

In other news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial 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 transaction, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.21% of the stock is owned by corporate insiders.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $47.94 on Friday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 10.85 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. WSFS Financial Co. has a 52 week low of $42.21 and a 52 week high of $62.75. The company has a fifty day simple moving average of $51.51 and a two-hundred day simple moving average of $53.55.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly 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 net margin of 18.77% and a return on equity of 10.30%. As a group, equities analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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