WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in WSFS Financial Co. (NASDAQ:WSFS) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,970 shares of the bank’s stock after selling 2,202 shares during the quarter. Clearbridge Investments LLC owned about 0.39% of WSFS Financial worth $12,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in WSFS Financial by 5.9% during the third quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after acquiring an additional 239 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of WSFS Financial by 1.2% during the 4th quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock worth $1,119,000 after purchasing an additional 257 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of WSFS Financial by 6.5% during the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock worth $253,000 after purchasing an additional 290 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of WSFS Financial by 1.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock valued at $1,686,000 after purchasing an additional 493 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WSFS. Stephens reaffirmed 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 upped their price objective 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, WSFS Financial has a consensus rating of “Hold” and a consensus target price of $64.75.

Insider Buying and Selling

In other news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Stock Up 1.0 %

Shares of NASDAQ:WSFS opened at $52.67 on Thursday. The business has a 50-day moving average price of $54.06 and a 200 day moving average price of $53.95. WSFS Financial Co. has a 12-month low of $41.33 and a 12-month high of $62.75. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 11.92 and a beta of 1.06.

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

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. WSFS Financial’s dividend payout ratio is presently 13.57%.

WSFS Financial Company 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.