WSFS Financial Co. (NASDAQ:WSFS) Shares Acquired by Lido Advisors LLC

Lido Advisors LLC boosted its position in WSFS Financial Co. (NASDAQ:WSFS) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,389 shares of the bank’s stock after buying an additional 1,662 shares during the quarter. Lido Advisors LLC’s holdings in WSFS Financial were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSFS. Farther Finance Advisors LLC lifted its stake in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock worth $30,000 after acquiring an additional 550 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in WSFS Financial during the 4th quarter worth approximately $32,000. VSM Wealth Advisory LLC acquired a new position in shares of WSFS Financial in the 4th quarter valued at approximately $40,000. AlphaQuest LLC purchased a new position in shares of WSFS Financial during the 4th quarter valued at approximately $84,000. Finally, Sterling Capital Management LLC boosted its stake in shares of WSFS Financial by 804.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank’s stock valued at $99,000 after buying an additional 1,657 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $397,384.80. Following the completion of the transaction, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

WSFS Financial Stock Down 0.5 %

WSFS stock opened at $53.06 on Tuesday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 12.00 and a beta of 0.86. WSFS Financial Co. has a 1-year low of $42.21 and a 1-year high of $62.75. The firm has a fifty day moving average price of $50.66 and a two-hundred day moving average price of $53.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The firm had revenue of $256.11 million for the quarter, compared to analyst estimates of $235.44 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. WSFS Financial’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts predict that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.17 dividend. This is an increase from WSFS Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. WSFS Financial’s dividend payout ratio (DPR) is 15.28%.

Wall Street Analyst Weigh In

WSFS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Stephens reaffirmed an “overweight” rating and set a $64.00 price target on shares of WSFS Financial in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, WSFS Financial has an average rating of “Hold” and an average target price of $62.75.

WSFS Financial 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.