WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,949 shares of the bank’s stock after selling 4,114 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.16% of WSFS Financial worth $4,992,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in WSFS Financial by 5.9% in the third 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 boosted its holdings in shares of WSFS Financial by 1.2% in the 4th quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock valued at $1,119,000 after purchasing an additional 257 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of WSFS Financial by 6.5% in the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock valued at $253,000 after purchasing an additional 290 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of 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 last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of WSFS Financial by 2,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock worth $30,000 after buying an additional 550 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on WSFS. Stephens reissued an “overweight” rating and set a $68.00 price target on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.75.

WSFS Financial Stock Up 0.5 %

Shares of NASDAQ WSFS opened at $52.13 on Wednesday. The stock has a fifty day moving average price of $54.08 and a 200 day moving average price of $53.96. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. WSFS Financial Co. has a 12-month low of $41.33 and a 12-month high of $62.75. The company has a market cap of $3.05 billion, a P/E ratio of 11.79 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 27th. The bank reported $1.11 EPS 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%. Research analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current fiscal 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.57%.

Insiders Place Their Bets

In other news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.29% of the stock is currently owned by company insiders.

WSFS Financial 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.