Xponance Inc. Takes Position in WSFS Financial Co. (NASDAQ:WSFS)

Xponance Inc. acquired a new position in WSFS Financial Co. (NASDAQ:WSFS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,230 shares of the bank’s stock, valued at approximately $225,000.

Other large investors have also recently modified their holdings of the company. Cibc World Markets Corp purchased a new position in WSFS Financial in the fourth quarter worth $294,000. Natixis Advisors LLC boosted its position in shares of WSFS Financial by 28.3% in the 4th quarter. Natixis Advisors LLC now owns 13,884 shares of the bank’s stock worth $738,000 after purchasing an additional 3,064 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in WSFS Financial by 1.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock worth $1,686,000 after buying an additional 493 shares during the last quarter. Great Lakes Advisors LLC raised its stake in WSFS Financial by 179.8% in the fourth quarter. Great Lakes Advisors LLC now owns 169,563 shares of the bank’s stock valued at $9,009,000 after buying an additional 108,968 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in 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. Institutional investors own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WSFS. Stephens restated an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price objective on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, WSFS Financial has an average rating of “Hold” and a consensus target price of $64.75.

Insider Buying and Selling

In related news, CEO Rodger Levenson sold 7,199 shares of the business’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 completion of the transaction, the chief executive officer now directly 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 document filed with the SEC, which is available at the SEC website. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $51.78 on Friday. 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 twelve month low of $41.33 and a twelve month high of $62.75. The company’s 50 day moving average is $54.18 and its 200 day moving average is $53.90. The company has a market cap of $3.03 billion, a PE ratio of 11.71 and a beta of 1.06.

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

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. WSFS Financial’s payout ratio is 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.