American Century Companies Inc. Has $48.04 Million Holdings in WSFS Financial Co. (NASDAQ:WSFS)

American Century Companies Inc. trimmed its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 904,279 shares of the bank’s stock after selling 4,149 shares during the period. American Century Companies Inc.’s holdings in WSFS Financial were worth $48,044,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WSFS. FMR LLC raised its position in WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after purchasing an additional 239 shares during the last quarter. HighTower Advisors LLC raised its position in shares of WSFS Financial by 6.5% during the fourth quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock worth $253,000 after acquiring an additional 290 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of WSFS Financial by 1.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock valued at $1,686,000 after acquiring an additional 493 shares during the period. Farther Finance Advisors LLC boosted its holdings in WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after acquiring an additional 550 shares during the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in WSFS Financial in the fourth quarter worth about $40,000. 88.49% of the stock is owned by institutional investors.

WSFS Financial Price Performance

Shares of WSFS opened at $53.09 on Thursday. The stock has a market cap of $3.11 billion, a P/E ratio of 12.01 and a beta of 1.06. WSFS Financial Co. has a 1 year low of $41.33 and a 1 year high of $62.75. The stock’s 50-day moving average price is $54.24 and its two-hundred day moving average price is $53.91. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping 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%. On average, equities analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s payout ratio is presently 13.57%.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. This represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.29% of the company’s stock.

Analyst Ratings Changes

WSFS has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Stephens restated an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, WSFS Financial has a consensus rating of “Hold” and an average target price of $64.75.

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.