Allspring Global Investments Holdings LLC Has $7.64 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Allspring Global Investments Holdings LLC raised its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 7,791.2% in the 4th quarter, Holdings Channel reports. The firm owned 166,426 shares of the bank’s stock after acquiring an additional 164,317 shares during the period. Allspring Global Investments Holdings LLC’s holdings in WSFS Financial were worth $7,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased 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 purchasing an additional 128,834 shares during the last quarter. Great Lakes Advisors LLC grew its position in WSFS Financial by 93.5% in the third quarter. Great Lakes Advisors LLC now owns 38,389 shares of the bank’s stock valued at $1,401,000 after acquiring an additional 18,546 shares during the last quarter. Invesco Ltd. raised its stake in WSFS Financial by 1.7% during the third quarter. Invesco Ltd. now owns 611,641 shares of the bank’s stock worth $22,325,000 after acquiring an additional 10,343 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of WSFS Financial in the third quarter worth about $1,317,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of WSFS Financial by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 613,322 shares of the bank’s stock valued at $22,386,000 after purchasing an additional 27,106 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Arthur J. Bacci sold 15,992 shares of WSFS Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total transaction of $748,265.68. Following the sale, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at $982,122.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.29% of the company’s stock.

WSFS Financial Price Performance

WSFS stock opened at $41.74 on Thursday. WSFS Financial Co. has a 1 year low of $29.59 and a 1 year high of $47.97. 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 stock has a market cap of $2.51 billion, a price-to-earnings ratio of 9.49 and a beta of 1.03. The company has a 50 day simple moving average of $42.89 and a 200 day simple moving average of $41.62.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Friday, January 26th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.07. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The company had revenue of $265.33 million during the quarter, compared to the consensus estimate of $247.56 million. During the same period in the prior year, the business earned $1.38 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate 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.