New Age Alpha Advisors LLC Makes New Investment in WSFS Financial Co. (NASDAQ:WSFS)

New Age Alpha Advisors LLC acquired a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,796 shares of the bank’s stock, valued at approximately $149,000.

Several other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after acquiring an additional 550 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of WSFS Financial in the 4th quarter valued at about $32,000. VSM Wealth Advisory LLC purchased a new position in WSFS Financial during the 4th quarter worth approximately $40,000. AlphaQuest LLC acquired a new position in WSFS Financial during the fourth quarter worth approximately $84,000. Finally, KBC Group NV lifted its stake in WSFS Financial by 68.4% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insider Buying and Selling at WSFS Financial

In other news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction dated Friday, February 21st. The shares were 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 in the company, valued at $7,881,456. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Stock Up 1.0 %

WSFS stock opened at $52.67 on Thursday. The stock has a market capitalization of $3.08 billion, a PE ratio of 11.92 and a beta of 1.06. The company has a fifty day moving average of $54.06 and a 200-day moving average of $53.95. 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 Co. has a one year low of $41.33 and a one year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. As a group, analysts expect that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, February 7th. WSFS Financial’s payout ratio is 13.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WSFS. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods upped 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.75.

About WSFS Financial

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.