Inceptionr LLC Purchases New Shares in WSFS Financial Co. (NASDAQ:WSFS)

Inceptionr LLC purchased a new stake in WSFS Financial Co. (NASDAQ:WSFS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,404 shares of the bank’s stock, valued at approximately $765,000.

Several other large investors have also added to or reduced their stakes in WSFS. FMR LLC boosted its holdings in shares of WSFS Financial by 5.9% during the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock valued at $218,000 after buying an additional 239 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of WSFS Financial by 32.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank’s stock valued at $176,000 after buying an additional 804 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after buying an additional 900 shares in the last quarter. KBC Group NV boosted its holdings in shares of 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 in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of WSFS Financial by 11.4% during the 4th quarter. Handelsbanken Fonder AB now owns 13,705 shares of the bank’s stock valued at $728,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Insiders Place Their Bets

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the transaction, the chief executive officer now owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.29% of the stock is owned by insiders.

WSFS Financial Price Performance

WSFS opened at $52.46 on Friday. The stock has a 50-day moving average price of $54.48 and a 200-day moving average price of $54.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The firm has a market cap of $3.07 billion, a PE ratio of 11.87 and a beta of 1.06. WSFS Financial Co. has a 1 year low of $40.99 and a 1 year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Sell-side analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WSFS. Stephens restated an “overweight” rating and set a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Three equities research 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, WSFS Financial presently has an average rating of “Hold” and an average price target of $64.75.

WSFS Financial Company 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.