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 company’s 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 transaction, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at $7,881,456. This represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $53.73 on Wednesday. WSFS Financial Co. has a 12-month low of $40.99 and a 12-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 firm has a market capitalization of $3.16 billion, a PE ratio of 12.16 and a beta of 1.08. The firm has a 50-day moving average price of $54.54 and a 200 day moving average price of $53.93.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly 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%. Research analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.15 dividend. 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 Upgrades and Downgrades

WSFS has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a research report 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 research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WSFS. JPMorgan Chase & Co. raised its position in WSFS Financial by 309.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank’s stock worth $89,674,000 after purchasing an additional 1,276,078 shares in the last quarter. Norges Bank bought a new stake in WSFS Financial during the fourth quarter worth about $32,775,000. Raymond James Financial Inc. bought a new stake in WSFS Financial during the fourth quarter worth about $18,167,000. Assenagon Asset Management S.A. grew its stake in WSFS Financial by 819.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock worth $13,528,000 after buying an additional 226,933 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its stake in WSFS Financial by 179.8% during the fourth quarter. Great Lakes Advisors LLC now owns 169,563 shares of the bank’s stock worth $9,009,000 after buying an additional 108,968 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.