Fisher Asset Management LLC Raises Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Fisher Asset Management LLC lifted its position in WSFS Financial Co. (NASDAQ:WSFS) by 21.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 267,028 shares of the bank’s stock after buying an additional 47,028 shares during the period. Fisher Asset Management LLC’s holdings in WSFS Financial were worth $14,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after buying an additional 900 shares during the last quarter. KBC Group NV grew its position in shares of WSFS Financial by 68.4% in the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock worth $153,000 after buying an additional 1,172 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of WSFS Financial in the 4th quarter worth approximately $207,000. CIBC Asset Management Inc purchased a new position in shares of WSFS Financial in the 3rd quarter worth approximately $202,000. Finally, Lansing Street Advisors purchased a new position in shares of WSFS Financial in the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 0.5 %

NASDAQ:WSFS opened at $54.00 on Tuesday. The company has a market cap of $3.18 billion, a PE ratio of 12.22 and a beta of 1.08. WSFS Financial Co. has a twelve month low of $40.99 and a twelve month high of $62.75. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $54.59 and its two-hundred day moving average is $54.02.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data 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 net margin of 18.77% and a return on equity of 10.30%. Analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 1.11%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s payout ratio is 13.57%.

Insider Buying and Selling at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WSFS shares. Stephens reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.75.

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. 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.