Allspring Global Investments Holdings LLC Raises Position in WSFS Financial Co. (NASDAQ:WSFS)

Allspring Global Investments Holdings LLC lifted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 7,791.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,426 shares of the bank's stock after buying an additional 164,317 shares during the period. Allspring Global Investments Holdings LLC owned about 0.27% of WSFS Financial worth $7,644,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WSFS. BlackRock Inc. grew its position in WSFS Financial by 34.8% during the 1st quarter. BlackRock Inc. now owns 9,464,621 shares of the bank's stock worth $441,240,000 after acquiring an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. grew its position in WSFS Financial by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank's stock worth $331,584,000 after acquiring an additional 992,425 shares during the last quarter. State Street Corp grew its position in WSFS Financial by 29.1% during the 1st quarter. State Street Corp now owns 2,878,509 shares of the bank's stock worth $134,196,000 after acquiring an additional 648,867 shares during the last quarter. Norges Bank bought a new stake in WSFS Financial during the 4th quarter worth $28,875,000. Finally, The Manufacturers Life Insurance Company grew its position in WSFS Financial by 69.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 980,353 shares of the bank's stock worth $45,704,000 after acquiring an additional 402,212 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

Insider Buying and Selling at WSFS Financial

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

WSFS Financial Trading Up 0.3 %

Shares of NASDAQ WSFS traded up $0.11 during trading on Thursday, reaching $41.85. The company had a trading volume of 226,093 shares, compared to its average volume of 277,867. The company's fifty day moving average price is $42.89 and its 200-day moving average price is $41.62. WSFS Financial Co. has a 12 month low of $29.59 and a 12 month high of $47.97. The stock has a market cap of $2.51 billion, a P/E ratio of 9.51 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings results on Friday, January 26th. The bank reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.07. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm had revenue of $265.33 million for the quarter, compared to analyst estimates of $247.56 million. During the same quarter in the previous year, the company posted $1.38 EPS. The business's revenue was up 2.5% on a year-over-year basis. As a group, research 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.