WSFS Financial (NASDAQ:WSFS) CEO Sells $4,850,203.06 in Stock

WSFS Financial Corporation (NASDAQ:WSFS) CEO Rodger Levenson sold 65,446 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total value of $4,850,203.06. Following the sale, the chief executive officer owned 186,088 shares of the company’s stock, valued at approximately $13,790,981.68. The trade was a 26.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $75.24 on Monday. The stock has a fifty day moving average price of $70.79 and a 200-day moving average price of $64.50. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 13.39 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.85. WSFS Financial Corporation has a fifty-two week low of $49.92 and a fifty-two week high of $75.35.

WSFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s dividend payout ratio is currently 14.23%.

Hedge Funds Weigh In On WSFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in WSFS Financial by 11.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank’s stock worth $88,000 after purchasing an additional 163 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in WSFS Financial by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank’s stock worth $3,782,000 after purchasing an additional 198 shares in the last quarter. Root Financial Partners LLC increased its holdings in WSFS Financial by 92.4% in the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after purchasing an additional 207 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in WSFS Financial by 7.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank’s stock worth $177,000 after purchasing an additional 218 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in WSFS Financial by 23.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank’s stock worth $63,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group set a $76.00 price objective on WSFS Financial in a research report on Monday, April 27th. Zacks Research downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. DA Davidson upped their price objective on WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Brean Capital assumed coverage on WSFS Financial in a research report on Tuesday, March 10th. They set a “buy” rating and a $74.50 price objective for the company. Finally, Stephens restated an “overweight” rating and set a $81.00 price objective (up from $79.00) on shares of WSFS Financial in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.07.

WSFS Financial Company Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.