Stifel Financial Corp Purchases 546 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Stifel Financial Corp increased its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,880 shares of the bank’s stock after purchasing an additional 546 shares during the period. Stifel Financial Corp’s holdings in WSFS Financial were worth $950,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in 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. Crowley Wealth Management Inc. purchased a new position in WSFS Financial during the fourth quarter valued at $32,000. VSM Wealth Advisory LLC bought a new stake in WSFS Financial in the 4th quarter valued at $40,000. AlphaQuest LLC purchased a new stake in WSFS Financial in the 4th quarter worth $84,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of WSFS Financial by 804.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank’s stock valued at $99,000 after purchasing an additional 1,657 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the transaction, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Stephens reaffirmed an “overweight” rating and issued a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, WSFS Financial currently has a consensus rating of “Hold” and an average target price of $62.75.

WSFS Financial Stock Down 1.0 %

Shares of NASDAQ WSFS opened at $53.35 on Friday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 12.07 and a beta of 0.86. WSFS Financial Co. has a 12-month low of $42.21 and a 12-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’s 50-day moving average price is $50.64 and its 200-day moving average price is $53.69.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. On average, equities research analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.27%. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 9th. WSFS Financial’s payout ratio is presently 15.28%.

WSFS Financial 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.