News headlines about WSFS Financial Corporation (NASDAQ:WSFS) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WSFS Financial Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.0841869102582 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of WSFS Financial Corporation (NASDAQ:WSFS) traded up 0.40% during mid-day trading on Thursday, reaching $50.75. 70,928 shares of the company’s stock traded hands. WSFS Financial Corporation has a 12 month low of $31.90 and a 12 month high of $52.15. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 23.23 and a beta of 1.22. The company has a 50 day moving average of $47.70 and a 200 day moving average of $45.98.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $87.80 million for the quarter, compared to analysts’ expectations of $56.86 million. WSFS Financial Corporation had a net margin of 21.27% and a return on equity of 11.07%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Analysts expect that WSFS Financial Corporation will post $2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Monday, November 6th. This is a boost from WSFS Financial Corporation’s previous quarterly dividend of $0.07. WSFS Financial Corporation’s dividend payout ratio is 11.52%.
Several research analysts recently weighed in on WSFS shares. Boenning Scattergood reissued a “buy” rating and set a $49.00 price objective on shares of WSFS Financial Corporation in a research note on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price objective on shares of WSFS Financial Corporation in a research note on Tuesday. Finally, BidaskClub lowered shares of WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.33.
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In other WSFS Financial Corporation news, EVP Peggy H. Eddens sold 8,580 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $44.29, for a total value of $380,008.20. Following the completion of the sale, the executive vice president now owns 27,659 shares in the company, valued at $1,225,017.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the sale, the executive vice president now owns 48,288 shares of the company’s stock, valued at approximately $2,166,199.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,240 shares of company stock valued at $723,172. 4.89% of the stock is owned by company insiders.
About WSFS Financial Corporation
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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