Northern Trust Corp Buys 9,542 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Northern Trust Corp raised its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 809,334 shares of the bank’s stock after acquiring an additional 9,542 shares during the quarter. Northern Trust Corp’s holdings in WSFS Financial were worth $43,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of WSFS Financial by 2,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after purchasing an additional 550 shares during the period. Crowley Wealth Management Inc. bought a new position in WSFS Financial in the fourth quarter worth $32,000. VSM Wealth Advisory LLC purchased a new position in WSFS Financial during the fourth quarter valued at $40,000. AlphaQuest LLC bought a new stake in shares of WSFS Financial during the 4th quarter valued at $84,000. Finally, Sterling Capital Management LLC grew its position in shares of WSFS Financial by 804.4% in the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank’s stock worth $99,000 after buying an additional 1,657 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Ratings Changes

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

WSFS Financial Stock Up 2.2 %

NASDAQ:WSFS opened at $53.97 on Friday. The firm has a 50-day simple moving average of $50.62 and a two-hundred day simple moving average of $53.67. The firm has a market cap of $3.13 billion, a P/E ratio of 12.21 and a beta of 0.86. WSFS Financial Co. has a fifty-two week low of $42.21 and a fifty-two week high of $62.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS. Analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, May 9th. This represents a $0.68 annualized dividend and a yield of 1.26%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. WSFS Financial’s dividend payout ratio is currently 15.28%.

Insider Activity

In other news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction on Friday, February 21st. The stock was 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 of the company’s stock, valued at $7,881,456. This represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

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.