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

by · The Markets Daily

WSFS Financial Co. (NASDAQ:WSFS – Get Free Report) CEO Rodger Levenson sold 7,199 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the transaction, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WSFS Financial Price Performance

NASDAQ:WSFS opened at $53.32 on Thursday. 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 stock has a market cap of $3.14 billion, a P/E ratio of 12.06 and a beta of 1.08. The company has a fifty day moving average price of $54.54 and a 200 day moving average price of $53.93. WSFS Financial Co. has a one year low of $40.99 and a one year high of $62.75.

WSFS Financial (NASDAQ:WSFS – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates 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 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. Shareholders of record on Friday, February 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. WSFS Financial’s dividend payout ratio is currently 13.57%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stephens restated an “overweight” rating and set a $68.00 price target 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 report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, WSFS Financial presently has an average rating of “Hold” and a consensus target price of $64.75.

Check Out Our Latest Analysis on WSFS Financial

Institutional Trading of WSFS Financial

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted 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 during the period. Norges Bank acquired a new position in shares of WSFS Financial in the 4th quarter valued at $32,775,000. Raymond James Financial Inc. acquired a new position in shares of WSFS Financial in the 4th quarter valued at $18,167,000. Assenagon Asset Management S.A. lifted its holdings in shares of 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 boosted its position in shares of WSFS Financial by 179.8% during the 4th quarter. Great Lakes Advisors LLC now owns 169,563 shares of the bank’s stock valued at $9,009,000 after acquiring an additional 108,968 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

About WSFS Financial

(Get Free Report)

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.

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