12,630 Shares in WSFS Financial Co. (NASDAQ:WSFS) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of WSFS Financial Co. (NASDAQ:WSFS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,630 shares of the bank’s stock, valued at approximately $671,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after buying an additional 550 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of WSFS Financial during the fourth quarter worth $40,000. AlphaQuest LLC bought a new position in shares of WSFS Financial in the fourth quarter worth $84,000. KBC Group NV grew its position in shares of WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of WSFS Financial by 32.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank’s stock valued at $176,000 after purchasing an additional 804 shares during the period. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

WSFS has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price target on WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.75.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.29% of the company’s stock.

WSFS Financial Stock Up 0.5 %

Shares of NASDAQ WSFS opened at $52.13 on Wednesday. The business has a 50-day moving average of $54.08 and a 200-day moving average of $53.96. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.79 and a beta of 1.06. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. WSFS Financial Co. has a 12 month low of $41.33 and a 12 month high of $62.75.

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

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.57%.

WSFS Financial Company 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.