43,900 Shares in WSFS Financial Corporation $WSFS Acquired by Denali Advisors LLC

Denali Advisors LLC bought a new stake in WSFS Financial Corporation (NASDAQ:WSFS) in the 4th quarter, HoldingsChannel reports. The firm bought 43,900 shares of the bank’s stock, valued at approximately $2,425,000.

Several other large investors have also modified their holdings of WSFS. First Horizon Corp acquired a new position in WSFS Financial during the 3rd quarter worth about $31,000. Torren Management LLC acquired a new position in WSFS Financial during the 4th quarter worth about $35,000. Quarry LP lifted its stake in WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after acquiring an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in WSFS Financial by 265.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after acquiring an additional 706 shares in the last quarter. Finally, LSV Asset Management acquired a new position in WSFS Financial during the 3rd quarter worth about $129,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insider Activity at WSFS Financial

In other news, EVP Arthur J. Bacci sold 2,005 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $70.51, for a total value of $141,372.55. Following the transaction, the executive vice president owned 26,366 shares in the company, valued at approximately $1,859,066.66. This represents a 7.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

WSFS has been the topic of several recent research reports. UBS Group set a $76.00 price target on WSFS Financial in a report on Monday, April 27th. 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. Zacks Research downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. 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. Finally, DA Davidson upped their price target on WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.07.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $71.70 on Friday. WSFS Financial Corporation has a 1-year low of $49.92 and a 1-year high of $73.22. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 12.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84. The stock’s 50-day moving average is $66.84 and its two-hundred day moving average is $61.21.

WSFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s dividend payout ratio (DPR) is currently 12.10%.

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.