WSFS Financial Corporation $WSFS Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 11,821.6% during the first quarter, Holdings Channel reports. The firm owned 28,731 shares of the bank’s stock after purchasing an additional 28,490 shares during the period. Fifth Third Bancorp’s holdings in WSFS Financial were worth $1,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC boosted its position in shares of WSFS Financial by 92.4% in the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after purchasing an additional 207 shares during the period. NewEdge Advisors LLC purchased a new stake in WSFS Financial during the fourth quarter valued at about $33,000. Torren Management LLC acquired a new position in shares of WSFS Financial in the fourth quarter worth about $35,000. Clearstead Advisors LLC increased its position in shares of WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after acquiring an additional 489 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of WSFS Financial by 159.7% during the third quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after acquiring an additional 500 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WSFS Financial

In other news, CEO Rodger Levenson sold 65,446 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total value of $4,850,203.06. Following the sale, the chief executive officer directly owned 186,088 shares in the company, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS opened at $78.86 on Thursday. WSFS Financial Corporation has a 12 month low of $49.92 and a 12 month high of $80.73. The company has a market cap of $4.10 billion, a P/E ratio of 14.03 and a beta of 0.76. The business’s 50 day moving average is $74.70 and its two-hundred day moving average is $68.51. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WSFS shares. TD Cowen reiterated a “buy” rating and set a $82.00 price objective (up from $77.00) on shares of WSFS Financial in a research report on Wednesday, April 29th. Zacks Research cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of WSFS Financial in a report on Friday, June 12th. UBS Group set a $76.00 price objective on WSFS Financial in a research note on Monday, April 27th. Finally, Stephens reaffirmed an “overweight” rating and set a $81.00 target price (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, WSFS Financial currently has an average rating of “Moderate Buy” and an average price target of $77.07.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.