Haverford Trust Co Cuts Position in WSFS Financial Co. (NASDAQ:WSFS)

Haverford Trust Co lowered its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,557 shares of the bank’s stock after selling 1,350 shares during the period. Haverford Trust Co’s holdings in WSFS Financial were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WSFS. Pathstone Holdings LLC boosted its stake in shares of WSFS Financial by 6.1% during the 3rd quarter. Pathstone Holdings LLC now owns 32,648 shares of the bank’s stock worth $1,665,000 after acquiring an additional 1,884 shares in the last quarter. Intech Investment Management LLC acquired a new position in WSFS Financial during the third quarter worth $776,000. Citigroup Inc. boosted its position in WSFS Financial by 17.8% during the third quarter. Citigroup Inc. now owns 105,232 shares of the bank’s stock worth $5,366,000 after purchasing an additional 15,881 shares in the last quarter. Fisher Asset Management LLC grew its holdings in WSFS Financial by 20.1% in the third quarter. Fisher Asset Management LLC now owns 220,000 shares of the bank’s stock valued at $11,218,000 after purchasing an additional 36,798 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of WSFS Financial in the third quarter valued at $792,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 7,199 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the transaction, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.29% of the company’s stock.

WSFS Financial Stock Down 0.5 %

WSFS opened at $53.03 on Wednesday. The business’s fifty day simple moving average is $54.25 and its 200 day simple moving average is $53.91. WSFS Financial Co. has a 52 week low of $41.33 and a 52 week high of $62.75. The firm has a market cap of $3.11 billion, a P/E ratio of 12.00 and a beta of 1.06. 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 (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.13%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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. Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, WSFS Financial has an average rating of “Hold” and a consensus price target 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.