WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,545,695 shares of the bank's stock after selling 236,403 shares during the quarter. Franklin Resources Inc. owned approximately 4.32% of WSFS Financial worth $135,253,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted 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 worth $218,000 after acquiring an additional 239 shares during the period. BNP Paribas Financial Markets raised its stake in WSFS Financial by 95.1% during the third quarter. BNP Paribas Financial Markets now owns 23,926 shares of the bank's stock worth $1,220,000 after purchasing an additional 11,660 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of WSFS Financial by 21.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,285 shares of the bank's stock valued at $473,000 after purchasing an additional 1,612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of WSFS Financial during the 3rd quarter valued at $278,000. Finally, Paloma Partners Management Co purchased a new stake in shares of WSFS Financial during the 3rd quarter valued at $366,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.29% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and issued a $68.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $64.75.

WSFS Financial Stock Down 0.1 %

NASDAQ WSFS traded down $0.05 during trading hours on Monday, hitting $46.62. The company had a trading volume of 155,707 shares, compared to its average volume of 281,414. The firm's 50 day moving average is $53.81 and its 200 day moving average is $53.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a fifty-two week low of $41.33 and a fifty-two week high of $62.75. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.55 and a beta of 0.90.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) 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%. Sell-side analysts anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. WSFS Financial's dividend payout ratio is currently 13.57%.

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.