Louisiana State Employees Retirement System Acquires Shares of 30,400 WSFS Financial Co. (NASDAQ:WSFS)

Louisiana State Employees Retirement System acquired a new stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,400 shares of the bank's stock, valued at approximately $1,396,000. Louisiana State Employees Retirement System owned 0.05% of WSFS Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in WSFS Financial by 7,791.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,426 shares of the bank's stock worth $7,644,000 after acquiring an additional 164,317 shares during the period. Brown Advisory Inc. grew its holdings in WSFS Financial by 18.8% during the 3rd quarter. Brown Advisory Inc. now owns 822,433 shares of the bank's stock worth $30,019,000 after acquiring an additional 130,189 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of WSFS Financial by 169.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 205,025 shares of the bank's stock valued at $9,417,000 after buying an additional 128,834 shares during the period. American Century Companies Inc. grew its stake in shares of WSFS Financial by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 352,093 shares of the bank's stock valued at $12,851,000 after buying an additional 107,879 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of WSFS Financial by 90.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 175,783 shares of the bank's stock valued at $6,416,000 after buying an additional 83,627 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WSFS Financial

In related news, EVP Arthur J. Bacci sold 15,992 shares of the firm's stock in a transaction dated Monday, January 29th. The shares were 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 of the company's stock, valued at approximately $982,122.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by insiders.

WSFS Financial Stock Up 1.5 %

Shares of WSFS traded up $0.63 during trading hours on Monday, hitting $43.90. The stock had a trading volume of 240,516 shares, compared to its average volume of 277,281. 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 50 day simple moving average of $42.94 and a 200-day simple moving average of $41.80. The firm has a market capitalization of $2.64 billion, a P/E ratio of 9.98 and a beta of 1.03. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year high of $47.97.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results on Friday, January 26th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. The company had revenue of $265.33 million during the quarter, compared to the consensus estimate of $247.56 million. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. Sell-side analysts predict that WSFS Financial Co. will post 4.19 EPS for the current fiscal year.

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.