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 on Friday, February 21st. The shares were 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 owns 142,780 shares in the company, valued at $7,881,456. This trade represents 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 accessible through this hyperlink.

WSFS Financial Trading Down 0.8 %

Shares of WSFS opened at $53.32 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 12.06 and a beta of 1.08. The stock has a fifty day moving average price of $54.54 and a two-hundred day moving average price of $53.93. WSFS Financial Co. has a 52-week low of $40.99 and a 52-week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) 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%. Analysts predict that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. WSFS Financial’s payout ratio is 13.57%.

Analyst Ratings Changes

WSFS has been the topic of several recent analyst reports. Stephens restated an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.75.

Institutional Trading of WSFS Financial

Several hedge funds have recently modified their holdings of the stock. Mill Creek Capital Advisors LLC acquired a new position in WSFS Financial during the 3rd quarter worth $718,000. Jane Street Group LLC lifted its stake in shares of WSFS Financial by 47.9% during the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock valued at $5,821,000 after acquiring an additional 36,990 shares during the period. Victory Capital Management Inc. boosted its holdings in WSFS Financial by 30.6% in the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock valued at $1,875,000 after acquiring an additional 8,617 shares during the last quarter. Barclays PLC boosted its holdings in WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank’s stock valued at $6,139,000 after acquiring an additional 63,284 shares during the last quarter. Finally, Citigroup Inc. increased its position in WSFS Financial by 17.8% in the third quarter. Citigroup Inc. now owns 105,232 shares of the bank’s stock worth $5,366,000 after purchasing an additional 15,881 shares during the period. 88.49% of the stock is 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.