UNIVEST FINANCIAL Corp Invests $891,000 in WSFS Financial Corporation $WSFS

UNIVEST FINANCIAL Corp bought a new position in WSFS Financial Corporation (NASDAQ:WSFS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,616 shares of the bank’s stock, valued at approximately $891,000.

A number of other large investors also recently made changes to their positions in WSFS. Parkside Financial Bank & Trust boosted its holdings in WSFS Financial by 11.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank’s stock worth $88,000 after purchasing an additional 163 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in WSFS Financial by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank’s stock valued at $3,782,000 after buying an additional 198 shares during the last quarter. Root Financial Partners LLC increased its stake in WSFS Financial by 92.4% in the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after buying an additional 207 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of WSFS Financial by 23.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank’s stock worth $63,000 after buying an additional 221 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in shares of WSFS Financial by 3.7% in the 3rd quarter. Lido Advisors LLC now owns 6,389 shares of the bank’s stock worth $345,000 after buying an additional 225 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the transaction, the executive vice president owned 15,207 shares in the company, valued at $1,243,020.18. This trade represents a 18.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rodger Levenson sold 65,446 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $81.81 on Tuesday. The company has a market capitalization of $4.18 billion, a P/E ratio of 13.68 and a beta of 0.76. The business has a fifty day simple moving average of $78.20 and a two-hundred day simple moving average of $71.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. WSFS Financial Corporation has a 1 year low of $49.92 and a 1 year high of $82.94.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 EPS. On average, analysts expect that WSFS Financial Corporation will post 6.58 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.80 annualized dividend and a yield of 1.0%. WSFS Financial’s dividend payout ratio is 13.38%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WSFS. DA Davidson set a $83.00 target price on WSFS Financial and gave the company a “neutral” rating in a report on Monday, July 27th. Piper Sandler reiterated a “neutral” rating and set a $90.00 price target (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their price objective on WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of WSFS Financial in a research note on Friday, June 12th. Finally, UBS Group set a $76.00 target price on WSFS Financial in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, WSFS Financial presently has a consensus rating of “Hold” and a consensus target price of $83.07.

WSFS Financial Company Profile

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.