HighTower Advisors LLC Has $253,000 Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

HighTower Advisors LLC boosted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,762 shares of the bank’s stock after acquiring an additional 290 shares during the quarter. HighTower Advisors LLC’s holdings in WSFS Financial were worth $253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its position in shares of WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after purchasing an additional 239 shares in the last quarter. BNP Paribas Financial Markets lifted its position in WSFS Financial by 95.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,926 shares of the bank’s stock worth $1,220,000 after buying an additional 11,660 shares in the last quarter. Glenmede Trust Co. NA lifted its position in WSFS Financial by 21.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,285 shares of the bank’s stock worth $473,000 after buying an additional 1,612 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of WSFS Financial during the 3rd quarter valued at $278,000. Finally, Paloma Partners Management Co purchased a new stake in shares of WSFS Financial during the third quarter worth $366,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on WSFS shares. 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 lifted their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the business’s 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 transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.29% of the company’s stock.

WSFS Financial Trading Up 1.0 %

WSFS Financial stock opened at $52.67 on Thursday. The business has a 50 day moving average price of $54.06 and a two-hundred day moving average price of $53.95. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. WSFS Financial Co. has a 12 month low of $41.33 and a 12 month high of $62.75. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 11.92 and a beta of 1.06.

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

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s dividend payout ratio is 13.57%.

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.