WSFS Financial Co. (NASDAQ:WSFS) insider Thomas W. Kearney sold 1,282 shares of WSFS Financial stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $49.67, for a total transaction of $63,676.94. Following the completion of the transaction, the insider now directly owns 17,051 shares in the company, valued at approximately $846,923.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of WSFS Financial Co. (WSFS) remained flat at $$50.45 on Friday. The stock had a trading volume of 140,517 shares, compared to its average volume of 89,983. WSFS Financial Co. has a 1 year low of $42.45 and a 1 year high of $53.00. The company has a market capitalization of $1,582.74, a price-to-earnings ratio of 27.27, a PEG ratio of 1.26 and a beta of 1.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 1.05.
WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. equities research analysts forecast that WSFS Financial Co. will post 3.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, February 7th. WSFS Financial’s dividend payout ratio is currently 19.46%.
Several brokerages have recently issued reports on WSFS. Merion Capital Group lifted their price objective on shares of WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 target price on shares of WSFS Financial in a report on Wednesday, January 24th. DA Davidson raised their target price on shares of WSFS Financial to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Sandler O’Neill reiterated a “buy” rating and issued a $57.00 target price on shares of WSFS Financial in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $56.17.
Several hedge funds have recently bought and sold shares of WSFS. California Public Employees Retirement System boosted its holdings in shares of WSFS Financial by 9.7% during the second quarter. California Public Employees Retirement System now owns 20,384 shares of the bank’s stock worth $924,000 after purchasing an additional 1,800 shares during the period. State Street Corp boosted its holdings in shares of WSFS Financial by 7.3% during the second quarter. State Street Corp now owns 585,592 shares of the bank’s stock worth $26,559,000 after purchasing an additional 39,671 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of WSFS Financial by 10.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after purchasing an additional 256 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of WSFS Financial by 25.3% during the third quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock worth $243,000 after purchasing an additional 1,007 shares during the period. Finally, Brown Advisory Securities LLC acquired a new stake in shares of WSFS Financial during the third quarter worth approximately $234,000. Institutional investors and hedge funds own 80.06% of the company’s stock.
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WSFS Financial Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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