750 Shares in WSFS Financial Co. (NASDAQ:WSFS) Bought by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC purchased a new stake in shares of WSFS Financial Co. (NASDAQ:WSFS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 750 shares of the bank’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 550 shares during the period. AlphaQuest LLC acquired a new position in WSFS Financial during the fourth quarter valued at approximately $84,000. KBC Group NV grew its stake in WSFS Financial by 68.4% during the fourth quarter. KBC Group NV now owns 2,885 shares of the bank’s stock worth $153,000 after buying an additional 1,172 shares during the period. Smartleaf Asset Management LLC increased its position in shares of WSFS Financial by 32.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank’s stock worth $176,000 after acquiring an additional 804 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in WSFS Financial during the 3rd quarter worth $202,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WSFS Financial

In related news, 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 value 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 filing with the Securities & Exchange Commission, which is available through this link. 1.29% of the stock is currently owned by insiders.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $52.69 on Thursday. WSFS Financial Co. has a 1-year low of $41.33 and a 1-year high of $62.75. The stock has a market cap of $3.09 billion, a P/E ratio of 11.92 and a beta of 1.06. 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 firm has a 50-day moving average of $54.20 and a two-hundred day moving average of $53.92.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, research analysts expect that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared 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 yield of 1.14%. WSFS Financial’s dividend payout ratio is presently 13.57%.

Analysts Set New Price Targets

Several research analysts have commented on WSFS shares. Stephens reissued an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on 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 assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.75.

WSFS Financial 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.