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

American Century Companies Inc. reduced its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 904,279 shares of the bank’s stock after selling 4,149 shares during the quarter. American Century Companies Inc. owned about 1.54% of WSFS Financial worth $48,044,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WSFS. Principal Financial Group Inc. grew its position in WSFS Financial by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock worth $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Jane Street Group LLC grew its position in WSFS Financial by 47.9% during the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock worth $5,821,000 after buying an additional 36,990 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WSFS Financial during the fourth quarter worth about $18,167,000. AlphaQuest LLC bought a new position in WSFS Financial during the fourth quarter valued at about $84,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in WSFS Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank’s stock valued at $39,347,000 after acquiring an additional 19,650 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

WSFS Financial stock opened at $53.09 on Thursday. The business has a 50 day simple moving average of $54.24 and a 200 day simple moving average of $53.91. 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 company has a market capitalization of $3.11 billion, a PE ratio of 12.01 and a beta of 1.06. WSFS Financial Co. has a one year low of $41.33 and a one year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, sell-side analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Transactions at WSFS Financial

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 sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This represents a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.

About WSFS Financial

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.