Wedge Capital Management L L P NC Boosts Stake in WSFS Financial Co. (NASDAQ:WSFS)

Wedge Capital Management L L P NC lifted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 130.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,370 shares of the bank's stock after purchasing an additional 36,424 shares during the period. Wedge Capital Management L L P NC owned 0.11% of WSFS Financial worth $2,957,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WSFS. International Assets Investment Management LLC raised its stake in shares of WSFS Financial by 1,032.9% in the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank's stock worth $38,000 after purchasing an additional 754 shares during the last quarter. Covestor Ltd raised its stake in shares of WSFS Financial by 77.7% in the third quarter. Covestor Ltd now owns 1,180 shares of the bank's stock worth $43,000 after purchasing an additional 516 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of WSFS Financial in the third quarter worth approximately $66,000. Affinity Wealth Management LLC purchased a new stake in shares of WSFS Financial in the fourth quarter worth approximately $211,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of WSFS Financial in the third quarter worth approximately $219,000. Institutional investors own 88.49% of the company's stock.

Insider Activity at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 20,990 shares of the company's stock, valued at $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is currently owned by company insiders.

WSFS Financial Stock Performance

Shares of WSFS traded down $0.55 on Thursday, reaching $44.53. 454,477 shares of the company's stock traded hands, compared to its average volume of 278,356. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.68 billion, a PE ratio of 10.12 and a beta of 1.03. The stock's 50 day simple moving average is $43.08 and its two-hundred day simple moving average is $41.88. WSFS Financial Co. has a 52-week low of $29.59 and a 52-week high of $47.97.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued 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. 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%. WSFS Financial's revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $1.38 earnings per share. On average, analysts forecast that WSFS Financial Co. will post 4.19 earnings per share 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.