Keeley Teton Advisors LLC Sells 14,543 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Keeley Teton Advisors LLC lowered its stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,099 shares of the bank's stock after selling 14,543 shares during the quarter. Keeley Teton Advisors LLC's holdings in WSFS Financial were worth $855,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in WSFS Financial by 309.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank's stock worth $89,674,000 after acquiring an additional 1,276,078 shares during the period. Cooke & Bieler LP raised its position in shares of WSFS Financial by 1.5% in the fourth quarter. Cooke & Bieler LP now owns 782,767 shares of the bank's stock valued at $41,588,000 after buying an additional 11,414 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in WSFS Financial by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank's stock worth $39,347,000 after buying an additional 19,650 shares in the last quarter. Norges Bank acquired a new position in WSFS Financial in the 4th quarter valued at $32,775,000. Finally, Raymond James Financial Inc. bought a new stake in shares of WSFS Financial during the 4th quarter valued at $18,167,000. Institutional investors own 88.49% of the company's stock.

Insider Buying and Selling

In related news, CEO Rodger Levenson sold 7,199 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Price Performance

Shares of WSFS Financial stock traded up $1.16 during midday trading on Tuesday, hitting $48.83. 75,885 shares of the company traded hands, compared to its average volume of 291,453. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 11.06 and a beta of 0.90. 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's fifty day moving average price is $51.34 and its 200-day moving average price is $53.57. WSFS Financial Co. has a 12 month low of $42.21 and a 12 month high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. As a group, sell-side analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WSFS shares. Keefe, Bruyette & Woods upped their price objective on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Stephens restated an "overweight" rating and set a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $64.75.

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.