Champlain Investment Partners LLC Decreases Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Champlain Investment Partners LLC cut its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,234,834 shares of the bank’s stock after selling 65,164 shares during the period. Champlain Investment Partners LLC’s holdings in WSFS Financial were worth $65,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC boosted its holdings in shares of WSFS Financial by 5.1% in the 4th quarter. Mariner LLC now owns 4,457 shares of the bank’s stock valued at $237,000 after buying an additional 215 shares in the last quarter. FMR LLC boosted its holdings in WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock valued at $218,000 after purchasing an additional 239 shares in the last quarter. LPL Financial LLC grew its holdings in WSFS Financial by 1.2% during the fourth quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock worth $1,119,000 after acquiring an additional 257 shares during the period. HighTower Advisors LLC boosted its position in shares of WSFS Financial by 6.5% during the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock worth $253,000 after purchasing an additional 290 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of WSFS Financial by 1.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock valued at $1,686,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insider Buying and Selling

In other news, CEO Rodger Levenson sold 7,199 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on WSFS shares. Keefe, Bruyette & Woods raised their price target on 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 reissued an “overweight” rating and set a $68.00 price target on shares of WSFS Financial in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, WSFS Financial currently has an average rating of “Hold” and an average price target of $64.75.

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $47.48 on Thursday. 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 has a market cap of $2.75 billion, a PE ratio of 10.74 and a beta of 0.90. WSFS Financial Co. has a 1 year low of $41.58 and a 1 year high of $62.75. The firm’s 50-day simple moving average is $51.90 and its 200-day simple moving average is $53.55.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. Equities analysts forecast that WSFS Financial Co. will post 4.47 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.