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

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

WSFS Financial Trading Up 0.4 %

WSFS traded up $0.19 during trading on Tuesday, hitting $53.73. The company’s stock had a trading volume of 232,666 shares, compared to its average volume of 254,052. The firm has a market capitalization of $3.16 billion, a P/E ratio of 12.16 and a beta of 1.08. WSFS Financial Co. has a twelve month low of $40.99 and a twelve month high of $62.75. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $54.54 and its 200-day moving average price is $53.93.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (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%. Analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid 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 1.12%. WSFS Financial’s dividend payout ratio is presently 13.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mariner LLC grew its stake in WSFS Financial by 5.1% in the fourth quarter. Mariner LLC now owns 4,457 shares of the bank’s stock valued at $237,000 after acquiring an additional 215 shares during the period. FMR LLC lifted its holdings in shares of WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after purchasing an additional 239 shares in the last quarter. LPL Financial LLC grew its position in WSFS Financial by 1.2% in the 4th quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock valued at $1,119,000 after purchasing an additional 257 shares during the period. HighTower Advisors LLC grew its position in WSFS Financial by 6.5% in the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock valued at $253,000 after purchasing an additional 290 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in WSFS Financial by 1.6% during the 4th 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. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens reiterated an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods boosted their target price 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $64.75.

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.