Haverford Trust Co Takes $571,000 Position in WSFS Financial Corporation $WSFS

Haverford Trust Co purchased a new stake in WSFS Financial Corporation (NASDAQ:WSFS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,441 shares of the bank’s stock, valued at approximately $571,000.

A number of other hedge funds have also bought and sold shares of the business. Root Financial Partners LLC raised 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 worth $28,000 after purchasing an additional 207 shares in the last quarter. NewEdge Advisors LLC bought a new stake in WSFS Financial in the 4th quarter valued at about $33,000. Torren Management LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth approximately $35,000. Clearstead Advisors LLC grew its position in shares of WSFS Financial by 167.5% during the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after purchasing an additional 489 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of WSFS Financial by 159.7% during the third quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after purchasing an additional 500 shares during the period. 88.49% of the stock is owned by institutional investors.

Insider Buying and Selling at WSFS Financial

In other news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the transaction, the executive vice president owned 15,207 shares in the company, valued at approximately $1,243,020.18. This trade represents a 18.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rodger Levenson sold 65,446 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total value of $4,850,203.06. Following the transaction, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at $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 Price Performance

Shares of NASDAQ:WSFS opened at $79.88 on Friday. The firm has a 50 day moving average of $78.69 and a 200-day moving average of $71.95. The stock has a market capitalization of $4.08 billion, a PE ratio of 13.36 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 12 month low of $49.92 and a 12 month high of $82.94.

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

WSFS Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WSFS shares. Stephens downgraded shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target for the company. in a research report on Wednesday, August 12th. DA Davidson set a $83.00 price target on WSFS Financial and gave the stock a “neutral” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods raised their price objective on WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. Finally, UBS Group set a $76.00 target price on WSFS Financial in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.07.

WSFS Financial 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.