Allspring Global Investments Holdings LLC Purchases 164,317 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Allspring Global Investments Holdings LLC grew its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 7,791.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 166,426 shares of the bank’s stock after purchasing an additional 164,317 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.27% of WSFS Financial worth $7,644,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in WSFS Financial by 34.8% in the first quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock valued at $441,240,000 after acquiring an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of WSFS Financial by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock valued at $331,584,000 after purchasing an additional 992,425 shares during the period. State Street Corp boosted its position in shares of WSFS Financial by 11.6% in the 1st quarter. State Street Corp now owns 2,930,306 shares of the bank’s stock worth $110,209,000 after purchasing an additional 304,198 shares during the last quarter. Invesco Ltd. grew its stake in shares of WSFS Financial by 7.0% during the first quarter. Invesco Ltd. now owns 1,369,339 shares of the bank’s stock worth $63,838,000 after purchasing an additional 89,948 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of WSFS Financial by 3.6% during the first quarter. Geode Capital Management LLC now owns 1,233,043 shares of the bank’s stock worth $46,375,000 after purchasing an additional 43,340 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Arthur J. Bacci sold 15,992 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the transaction, the executive vice president now owns 20,990 shares of the company’s stock, valued at approximately $982,122.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.29% of the company’s stock.

WSFS Financial Trading Down 0.3 %

NASDAQ:WSFS opened at $41.74 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year high of $47.97. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 9.49 and a beta of 1.03. The business’s 50-day moving average price is $42.89 and its two-hundred day moving average price is $41.62.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Friday, January 26th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The business had revenue of $265.33 million for the quarter, compared to the consensus estimate of $247.56 million. During the same period last year, the company posted $1.38 EPS. WSFS Financial’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that WSFS Financial Co. will post 4.19 earnings per share for the current year.

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.