WSFS Financial (NASDAQ:WSFS) CEO Rodger Levenson Sells 65,446 Shares

WSFS Financial Corporation (NASDAQ:WSFS) CEO Rodger Levenson sold 65,446 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the sale, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

WSFS Financial Stock Up 1.2%

WSFS stock opened at $75.24 on Friday. WSFS Financial Corporation has a 12 month low of $49.92 and a 12 month high of $75.35. The firm has a market cap of $3.92 billion, a PE ratio of 13.39 and a beta of 0.76. The firm has a 50 day simple moving average of $70.79 and a 200 day simple moving average of $64.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85.

WSFS Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.20 per share. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 8th. WSFS Financial’s dividend payout ratio (DPR) is presently 14.23%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Root Financial Partners LLC increased its stake in shares of WSFS Financial by 92.4% during 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 during the last quarter. NewEdge Advisors LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth $33,000. Torren Management LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth $35,000. Clearstead Advisors LLC increased its stake in shares of WSFS Financial by 167.5% during the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after purchasing an additional 489 shares during the last quarter. Finally, Quarry LP increased its stake in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

WSFS has been the topic of a number of recent analyst reports. Piper Sandler restated a “neutral” rating and set a $80.00 price target (up from $72.00) on shares of WSFS Financial in a report on Wednesday, May 6th. Stephens restated an “overweight” rating and set a $81.00 price target (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. TD Cowen restated a “buy” rating and set a $82.00 price target (up from $77.00) on shares of WSFS Financial in a report on Wednesday, April 29th. DA Davidson boosted their price target on shares of WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Zacks Research lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.