Invesco Ltd. Has $50.70 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Invesco Ltd. trimmed its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 954,195 shares of the bank's stock after selling 6,372 shares during the quarter. Invesco Ltd. owned approximately 1.62% of WSFS Financial worth $50,696,000 at the end of the most recent quarter.

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

WSFS Financial Price Performance

Shares of NASDAQ:WSFS traded down $0.60 during trading on Monday, reaching $47.34. The company had a trading volume of 24,159 shares, compared to its average volume of 291,420. The firm's fifty day moving average is $51.51 and its 200 day moving average is $53.58. 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 $2.75 billion, a PE ratio of 10.73 and a beta of 0.90. WSFS Financial Co. has a twelve month low of $42.21 and a twelve month high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, topping 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%. On average, equities analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stephens restated 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 lifted their price target on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently 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 WSFS Financial stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this link. Insiders own 1.21% of the company's stock.

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.