Insider Selling: WSFS Financial Co. (NASDAQ:WSFS) CEO 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 dated 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 owns 142,780 shares in the company, valued at $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 accessible through the SEC website.

WSFS Financial Stock Up 0.3 %

WSFS opened at $53.49 on Friday. The firm has a 50 day moving average price of $54.54 and a 200 day moving average price of $53.93. The company has a market cap of $3.15 billion, a PE ratio of 12.10 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83.

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, beating 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 earnings per share for the current year.

WSFS Financial Dividend Announcement

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On WSFS Financial

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in WSFS Financial by 309.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank’s stock valued at $89,674,000 after buying an additional 1,276,078 shares during the last quarter. Norges Bank purchased a new stake in shares of WSFS Financial in the 4th quarter valued at approximately $32,775,000. Raymond James Financial Inc. acquired a new stake in shares of WSFS Financial in the fourth quarter worth $18,167,000. Assenagon Asset Management S.A. boosted its position in WSFS Financial by 819.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock worth $13,528,000 after acquiring an additional 226,933 shares during the period. Finally, Great Lakes Advisors LLC grew its position in WSFS Financial by 179.8% during the fourth quarter. Great Lakes Advisors LLC now owns 169,563 shares of the bank’s stock valued at $9,009,000 after purchasing an additional 108,968 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

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.