Modera Wealth Management LLC Sells 14,382 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Modera Wealth Management LLC decreased its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,259 shares of the bank's stock after selling 14,382 shares during the quarter. Modera Wealth Management LLC's holdings in WSFS Financial were worth $970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WSFS. Assenagon Asset Management S.A. raised its holdings in shares of WSFS Financial by 819.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank's stock valued at $13,528,000 after acquiring an additional 226,933 shares in the last quarter. State Street Corp increased its position in WSFS Financial by 3.0% during the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank's stock valued at $154,519,000 after purchasing an additional 87,781 shares during the period. Barclays PLC raised its holdings in WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank's stock worth $6,139,000 after purchasing an additional 63,284 shares in the last quarter. Royce & Associates LP lifted its position in shares of WSFS Financial by 247.4% in the 3rd quarter. Royce & Associates LP now owns 78,168 shares of the bank's stock worth $3,986,000 after purchasing an additional 55,668 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of WSFS Financial by 21.4% during the 4th quarter. Fisher Asset Management LLC now owns 267,028 shares of the bank's stock valued at $14,187,000 after purchasing an additional 47,028 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

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WSFS Financial Stock Up 1.7 %

WSFS traded up $0.87 during midday trading on Friday, reaching $52.46. The company's stock had a trading volume of 339,853 shares, compared to its average volume of 261,301. The stock's 50-day moving average is $54.48 and its 200-day moving average is $54.02. WSFS Financial Co. has a 1 year low of $40.99 and a 1 year high of $62.75. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.87 and a beta of 1.06. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts expect that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend 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%.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $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 accessible through this hyperlink. 1.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stephens restated an "overweight" rating and issued a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.