Swiss National Bank Sells 800 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Swiss National Bank decreased its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 116,540 shares of the bank’s stock after selling 800 shares during the quarter. Swiss National Bank owned about 0.20% of WSFS Financial worth $6,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its stake in shares of WSFS Financial by 1.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock valued at $1,686,000 after buying an additional 493 shares during the period. Great Lakes Advisors LLC grew its stake in WSFS Financial by 179.8% in the fourth 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 2,500.0% during the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after acquiring an additional 550 shares in the last quarter. HighTower Advisors LLC raised its position in shares of WSFS Financial by 6.5% during the fourth quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock worth $253,000 after purchasing an additional 290 shares during the period. Finally, Cooke & Bieler LP lifted its holdings in shares of WSFS Financial by 1.5% in the 4th quarter. Cooke & Bieler LP now owns 782,767 shares of the bank’s stock worth $41,588,000 after purchasing an additional 11,414 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $52.05 on Monday. 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 company has a fifty day moving average price of $54.22 and a 200-day moving average price of $53.89. WSFS Financial Co. has a 1 year low of $41.33 and a 1 year high of $62.75. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 11.78 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s payout ratio is 13.57%.

Insider Buying and Selling

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on WSFS. Stephens restated an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods raised 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.