Alliancebernstein L.P. Sells 7,666 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Alliancebernstein L.P. decreased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 790,688 shares of the bank's stock after selling 7,666 shares during the period. Alliancebernstein L.P. owned approximately 1.34% of WSFS Financial worth $42,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after acquiring an additional 550 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of WSFS Financial during the 4th quarter valued at $32,000. VSM Wealth Advisory LLC bought a new stake in shares of WSFS Financial during the 4th quarter valued at $40,000. AlphaQuest LLC bought a new stake in shares of WSFS Financial during the 4th quarter valued at $84,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of WSFS Financial in the 4th quarter valued at $149,000. Institutional investors own 88.49% of the company's stock.

WSFS Financial Stock Down 6.4 %

NASDAQ WSFS traded down $3.16 on Thursday, reaching $46.08. The company had a trading volume of 99,228 shares, compared to its average volume of 286,263. The company's fifty day moving average is $52.99 and its 200-day moving average is $53.69. WSFS Financial Co. has a 1-year low of $41.33 and a 1-year high of $62.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 10.47 and a beta of 0.90.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.11 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%. On average, research analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.15 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. WSFS Financial's payout ratio is 13.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upped 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 report on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $64.75.

Insider Activity

In other news, CEO Rodger Levenson sold 7,199 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total value 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. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.29% of the stock is owned by 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.