Jennison Associates LLC Has $24.48 Million Stake in WSFS Financial Co. (NASDAQ:WSFS)

Jennison Associates LLC lowered its position in WSFS Financial Co. (NASDAQ:WSFS) by 8.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 533,060 shares of the bank’s stock after selling 51,330 shares during the period. Jennison Associates LLC owned 0.88% of WSFS Financial worth $24,483,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of WSFS Financial by 1,032.9% in the 4th quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock worth $38,000 after purchasing an additional 754 shares during the period. Covestor Ltd lifted its position in shares of WSFS Financial by 77.7% in the 3rd quarter. Covestor Ltd now owns 1,180 shares of the bank’s stock worth $43,000 after purchasing an additional 516 shares during the period. Quantbot Technologies LP bought a new stake in shares of WSFS Financial in the 3rd quarter valued at $66,000. Affinity Wealth Management LLC bought a new stake in shares of WSFS Financial in the 4th quarter valued at $211,000. Finally, Mutual Advisors LLC bought a new stake in shares of WSFS Financial in the 4th quarter valued at $233,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $45.08 on Thursday. The company has a fifty day moving average of $43.01 and a 200-day moving average of $41.86. The firm has a market capitalization of $2.71 billion, a P/E ratio of 10.25 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36. WSFS Financial Co. has a twelve month low of $29.59 and a twelve month high of $47.97.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Friday, January 26th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.07. The company had revenue of $265.33 million during the quarter, compared to analyst estimates of $247.56 million. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. WSFS Financial’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. As a group, sell-side analysts anticipate that WSFS Financial Co. will post 4.19 EPS for the current year.

Insider Activity

In other news, EVP Arthur J. Bacci sold 15,992 shares of WSFS Financial stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the sale, the executive vice president now owns 20,990 shares in the company, valued at approximately $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.29% of the stock is currently owned by company insiders.

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.