Modera Wealth Management LLC Has $970,000 Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Modera Wealth Management LLC decreased its stake in WSFS Financial Co. (NASDAQ:WSFS) by 44.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,259 shares of the bank’s stock after selling 14,382 shares during the period. Modera Wealth Management LLC’s holdings in WSFS Financial were worth $970,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares in the last quarter. Stephens Inc. AR bought a new position in WSFS Financial during the 3rd quarter valued at about $209,000. Lansing Street Advisors acquired a new position in WSFS Financial in the third quarter valued at about $207,000. Los Angeles Capital Management LLC grew its stake in WSFS Financial by 73.6% during the third quarter. Los Angeles Capital Management LLC now owns 13,560 shares of the bank’s stock worth $691,000 after buying an additional 5,750 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of WSFS Financial by 30.6% during the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock worth $1,875,000 after buying an additional 8,617 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

WSFS opened at $54.00 on Tuesday. The stock has a market capitalization of $3.18 billion, a P/E ratio of 12.22 and a beta of 1.08. 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’s 50 day simple moving average is $54.59 and its 200-day simple moving average is $54.02. WSFS Financial Co. has a one year low of $40.99 and a one year high of $62.75.

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

WSFS Financial Announces Dividend

The firm 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. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.57%.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WSFS has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.