Fieldview Capital Management LLC Purchases Shares of 11,102 WSFS Financial Corporation $WSFS

Fieldview Capital Management LLC purchased a new stake in WSFS Financial Corporation (NASDAQ:WSFS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,102 shares of the bank’s stock, valued at approximately $613,000.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC bought a new position in WSFS Financial in the 4th quarter valued at $35,000. Clearstead Advisors LLC boosted its holdings in WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after purchasing an additional 489 shares during the period. Quarry LP boosted its holdings in WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares during the period. First Horizon Corp boosted its holdings in WSFS Financial by 40.1% in the 4th quarter. First Horizon Corp now owns 817 shares of the bank’s stock valued at $45,000 after purchasing an additional 234 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in WSFS Financial by 265.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after purchasing an additional 706 shares during the period. 88.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on WSFS. Piper Sandler reissued a “neutral” rating and issued a $80.00 price target (up from $72.00) on shares of WSFS Financial in a report on Wednesday, May 6th. Zacks Research downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Brean Capital began coverage on shares of WSFS Financial in a report on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price target for the company. UBS Group set a $76.00 price target on shares of WSFS Financial in a report on Monday, April 27th. Finally, Stephens reissued an “overweight” rating and issued a $81.00 price target (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, WSFS Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.07.

Insider Buying and Selling at WSFS Financial

In other news, CEO Rodger Levenson sold 65,446 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the sale, the chief executive officer owned 186,088 shares in the company, valued at approximately $13,790,981.68. This trade represents a 26.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

WSFS Financial Stock Performance

WSFS Financial stock opened at $74.17 on Tuesday. The firm’s fifty day moving average price is $70.95 and its 200-day moving average price is $64.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $3.86 billion, a P/E ratio of 13.20 and a beta of 0.76. WSFS Financial Corporation has a fifty-two week low of $49.92 and a fifty-two week high of $76.37.

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.20 per share. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. WSFS Financial’s dividend payout ratio is 14.23%.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.