WSFS Financial Co. (NASDAQ:WSFS) CEO Rodger Levenson Sells 7,199 Shares of Stock

WSFS Financial Co. (NASDAQ:WSFS) CEO Rodger Levenson sold 7,199 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the transaction, the chief executive officer now owns 142,780 shares in the company, valued at approximately $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

WSFS Financial Trading Up 0.4 %

Shares of NASDAQ:WSFS opened at $53.73 on Wednesday. The stock has a market capitalization of $3.16 billion, a PE ratio of 12.16 and a beta of 1.08. WSFS Financial Co. has a 1 year low of $40.99 and a 1 year high of $62.75. The firm has a fifty day moving average price of $54.54 and a 200 day moving average price of $53.93. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

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, topping analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. Analysts expect that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, February 7th. WSFS Financial’s dividend payout ratio is 13.57%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WSFS. Stephens restated an “overweight” rating and set a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on shares of WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WSFS. Farther Finance Advisors LLC lifted its position in WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock worth $30,000 after acquiring an additional 550 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in WSFS Financial during the 4th quarter worth $32,000. VSM Wealth Advisory LLC acquired a new position in WSFS Financial during the 4th quarter worth $40,000. International Assets Investment Management LLC lifted its position in WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after acquiring an additional 900 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in WSFS Financial during the 4th quarter worth $84,000. Institutional investors and hedge funds own 88.49% 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.