WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Haverford Trust Co

Haverford Trust Co trimmed its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 12.4% in the fourth quarter, HoldingsChannel reports. 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 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pathstone Holdings LLC increased its stake in WSFS Financial by 6.1% during the third 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 during the last quarter. Intech Investment Management LLC acquired a new stake in WSFS Financial during the 3rd quarter worth approximately $776,000. Citigroup Inc. raised its holdings in WSFS Financial by 17.8% in the third quarter. Citigroup Inc. now owns 105,232 shares of the bank’s stock valued at $5,366,000 after buying an additional 15,881 shares during the period. Fisher Asset Management LLC lifted its position in WSFS Financial by 20.1% during the third quarter. Fisher Asset Management LLC now owns 220,000 shares of the bank’s stock valued at $11,218,000 after buying an additional 36,798 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in WSFS Financial during the third quarter worth approximately $792,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WSFS shares. Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.75.

WSFS Financial Price Performance

WSFS opened at $53.03 on Wednesday. WSFS Financial Co. has a twelve month low of $41.33 and a twelve month high of $62.75. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 12.00 and a beta of 1.06. The company has a fifty day simple moving average of $54.25 and a 200 day simple moving average of $53.91.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Equities research analysts expect that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

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

Insider Activity

In related news, CEO Rodger Levenson sold 7,199 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.29% of the company’s stock.

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.