Bank of Montreal Can Purchases 720 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Bank of Montreal Can grew its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,959 shares of the bank’s stock after acquiring an additional 720 shares during the quarter. Bank of Montreal Can’s holdings in WSFS Financial were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of WSFS. Barclays PLC grew its stake in WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock valued at $6,139,000 after buying an additional 63,284 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of WSFS Financial by 100.8% during the third quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank’s stock worth $657,000 after acquiring an additional 6,466 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in WSFS Financial by 18.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 57,558 shares of the bank’s stock valued at $2,935,000 after acquiring an additional 8,763 shares during the period. Assenagon Asset Management S.A. increased its position in shares of WSFS Financial by 819.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock valued at $13,528,000 after acquiring an additional 226,933 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in WSFS Financial in the fourth quarter worth $207,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the transaction, the chief executive officer now owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.29% of the company’s stock.

WSFS Financial Price Performance

NASDAQ:WSFS opened at $49.72 on Wednesday. WSFS Financial Co. has a 1 year low of $42.21 and a 1 year high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The business has a 50 day simple moving average of $51.21 and a 200-day simple moving average of $53.55. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 11.25 and a beta of 0.90.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on WSFS shares. Stephens reiterated an “overweight” rating and issued a $68.00 price target on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.