Inceptionr LLC Invests $765,000 in WSFS Financial Co. (NASDAQ:WSFS)

Inceptionr LLC bought a new position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 14,404 shares of the bank's stock, valued at approximately $765,000.

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in WSFS Financial by 5,000.0% during the third 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 during the period. Stephens Inc. AR bought a new position in shares of WSFS Financial in the third quarter worth approximately $209,000. Los Angeles Capital Management LLC raised its stake in WSFS Financial by 73.6% in the third quarter. Los Angeles Capital Management LLC now owns 13,560 shares of the bank's stock valued at $691,000 after purchasing an additional 5,750 shares in the last quarter. Victory Capital Management Inc. lifted its position in WSFS Financial by 30.6% during the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank's stock valued at $1,875,000 after purchasing an additional 8,617 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in WSFS Financial in the 3rd quarter worth approximately $202,000. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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Insiders Place Their Bets

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the firm's 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 sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.29% of the company's stock.

WSFS Financial Trading Down 1.2 %

WSFS Financial stock traded down $0.59 during trading hours on Tuesday, reaching $49.95. The company had a trading volume of 399,783 shares, compared to its average volume of 268,156. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 11.30 and a beta of 1.06. WSFS Financial Co. has a 12-month low of $40.99 and a 12-month high of $62.75. 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 company has a 50-day moving average price of $54.40 and a 200 day moving average price of $54.06.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. Equities analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial's payout ratio is 13.57%.

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.