New Age Alpha Advisors LLC Makes New $149,000 Investment in WSFS Financial Co. (NASDAQ:WSFS)

New Age Alpha Advisors LLC purchased a new stake in WSFS Financial Co. (NASDAQ:WSFS) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,796 shares of the bank’s stock, valued at approximately $149,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased 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 acquiring an additional 550 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of WSFS Financial during the 4th quarter worth approximately $32,000. VSM Wealth Advisory LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth approximately $40,000. AlphaQuest LLC purchased a new stake in WSFS Financial in the 4th quarter valued at approximately $84,000. Finally, KBC Group NV grew its holdings in WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after buying an additional 1,172 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

WSFS has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective 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 target on shares of WSFS Financial in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.75.

Insider Activity

In related news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction 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 transaction, the chief executive officer now owns 142,780 shares in the company, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.29% of the company’s stock.

WSFS Financial Stock Performance

WSFS Financial stock opened at $52.67 on Thursday. The stock has a fifty day moving average price of $54.06 and a 200 day moving average price of $53.95. WSFS Financial Co. has a 52 week low of $41.33 and a 52 week high of $62.75. The firm has a market capitalization of $3.08 billion, a P/E ratio of 11.92 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 (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating 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%. Equities research analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued 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 1.14%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.57%.

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.