Insider Selling: WSFS Financial Co. (NASDAQ:WSFS) CEO Sells 7,199 Shares of Stock

WSFS Financial Co. (NASDAQ:WSFS) CEO Rodger Levenson sold 7,199 shares of WSFS Financial 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 transaction, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

WSFS Financial Stock Performance

WSFS Financial stock traded up $0.19 during midday trading on Tuesday, hitting $53.73. The company’s stock had a trading volume of 232,666 shares, compared to its average volume of 254,052. 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 market cap of $3.16 billion, a price-to-earnings ratio of 12.16 and a beta of 1.08. WSFS Financial Co. has a 1-year low of $40.99 and a 1-year high of $62.75. The company has a 50-day moving average price of $54.54 and a two-hundred day moving average price of $53.93.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share 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%. As a group, sell-side analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given 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 1.12%. WSFS Financial’s dividend payout ratio is 13.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mariner LLC increased its stake in shares of WSFS Financial by 5.1% in the 4th quarter. Mariner LLC now owns 4,457 shares of the bank’s stock valued at $237,000 after purchasing an additional 215 shares during the last quarter. FMR LLC grew its holdings in WSFS Financial by 5.9% during the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after acquiring an additional 239 shares during the last quarter. LPL Financial LLC raised its stake in shares of WSFS Financial by 1.2% during the fourth quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock valued at $1,119,000 after acquiring an additional 257 shares during the last quarter. HighTower Advisors LLC raised its stake 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 valued at $253,000 after acquiring an additional 290 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of WSFS Financial by 1.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock worth $1,686,000 after purchasing an additional 493 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on WSFS shares. Keefe, Bruyette & Woods upped 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 note on Monday, February 3rd. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Finally, Stephens reiterated an “overweight” rating and set a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.75.

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.