WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in WSFS Financial Co. (NASDAQ:WSFS) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,001,023 shares of the bank’s stock after selling 18,659 shares during the quarter. Vanguard Group Inc. owned 11.89% of WSFS Financial worth $371,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WSFS. Farther Finance Advisors LLC raised its holdings in shares of WSFS Financial by 2,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after purchasing an additional 550 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in WSFS Financial in the fourth quarter valued at $40,000. AlphaQuest LLC acquired a new stake in WSFS Financial in the fourth quarter valued at $84,000. KBC Group NV lifted its holdings in WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock worth $153,000 after buying an additional 1,172 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of WSFS Financial by 32.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank’s stock worth $176,000 after acquiring an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling

In related news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now directly owns 142,780 shares of the company’s stock, 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 available through this link. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WSFS shares. Stephens restated an “overweight” rating and set a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on shares of 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.75.

WSFS Financial Trading Up 1.0 %

WSFS opened at $52.67 on Thursday. 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 52 week low of $41.33 and a 52 week high of $62.75. The business’s 50 day moving average is $54.06 and its two-hundred day moving average is $53.95. The firm 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 earnings results 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%. On average, research analysts predict that WSFS Financial Co. will post 4.47 EPS for the current 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. WSFS Financial’s dividend payout ratio (DPR) is 13.57%.

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.