Modera Wealth Management LLC Sells 14,382 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Modera Wealth Management LLC lessened its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 44.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,259 shares of the bank’s stock after selling 14,382 shares during the quarter. Modera Wealth Management LLC’s holdings in WSFS Financial were worth $970,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Mill Creek Capital Advisors LLC bought a new stake in WSFS Financial during the third quarter worth approximately $718,000. Jane Street Group LLC boosted its holdings in shares of WSFS Financial by 47.9% during the 3rd quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock worth $5,821,000 after buying an additional 36,990 shares during the period. Principal Financial Group Inc. grew its stake in WSFS Financial by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock valued at $16,856,000 after buying an additional 10,915 shares during the last quarter. Victory Capital Management Inc. lifted its position in WSFS Financial by 30.6% during the 3rd quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock worth $1,875,000 after acquiring an additional 8,617 shares during the last quarter. Finally, Barclays PLC lifted its position in WSFS Financial by 110.8% during the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock worth $6,139,000 after acquiring an additional 63,284 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WSFS shares. Keefe, Bruyette & Woods raised 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 issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.75.

Insider Activity at WSFS Financial

In other WSFS Financial 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 sale, the chief executive officer now owns 142,780 shares of the company’s stock, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.29% of the stock is currently owned by corporate insiders.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $54.00 on Tuesday. The company’s fifty day moving average is $54.59 and its two-hundred day moving average is $54.02. WSFS Financial Co. has a 52-week low of $40.99 and a 52-week high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.22 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, February 7th. WSFS Financial’s payout ratio is presently 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.