Assenagon Asset Management S.A. Grows Position in WSFS Financial Co. (NASDAQ:WSFS)

Assenagon Asset Management S.A. boosted its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 169.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 205,025 shares of the bank's stock after purchasing an additional 128,834 shares during the quarter. Assenagon Asset Management S.A. owned about 0.34% of WSFS Financial worth $9,417,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WSFS. Great Lakes Advisors LLC lifted its position in shares of WSFS Financial by 93.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 38,389 shares of the bank's stock valued at $1,401,000 after acquiring an additional 18,546 shares during the period. Comerica Bank bought a new stake in WSFS Financial in the 2nd quarter valued at about $10,375,000. Invesco Ltd. boosted its holdings in WSFS Financial by 1.7% in the third quarter. Invesco Ltd. now owns 611,641 shares of the bank's stock worth $22,325,000 after acquiring an additional 10,343 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in WSFS Financial in the third quarter valued at approximately $1,317,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of WSFS Financial by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 613,322 shares of the bank's stock valued at $22,386,000 after acquiring an additional 27,106 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Arthur J. Bacci sold 15,992 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the transaction, the executive vice president now owns 20,990 shares in the company, valued at $982,122.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.29% of the company's stock.

WSFS Financial Stock Up 0.4 %

Shares of NASDAQ:WSFS traded up $0.17 during trading on Friday, reaching $45.14. 292,956 shares of the stock were exchanged, compared to its average volume of 272,413. The stock has a fifty day moving average of $43.31 and a two-hundred day moving average of $41.04. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year high of $47.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 10.26 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Friday, January 26th. The bank reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.07. The firm had revenue of $265.33 million for the quarter, compared to the consensus estimate of $247.56 million. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. Research analysts anticipate that WSFS Financial Co. will post 4.19 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.33%. WSFS Financial's dividend payout ratio (DPR) is currently 13.64%.

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.