WSFS Financial Co. (NASDAQ:WSFS) CEO Mark A. Turner sold 11,900 shares of WSFS Financial stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $55.19, for a total value of $656,761.00. Following the sale, the chief executive officer now owns 135,327 shares in the company, valued at $7,468,697.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
WSFS stock traded up $0.45 during midday trading on Thursday, hitting $56.65. 4,364 shares of the company’s stock were exchanged, compared to its average volume of 98,221. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.08. WSFS Financial Co. has a 12-month low of $42.45 and a 12-month high of $56.30. The company has a market capitalization of $1.74 billion, a PE ratio of 21.95, a P/E/G ratio of 1.38 and a beta of 1.25.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, April 23rd. The bank reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $105.18 million during the quarter, compared to analyst estimates of $88.90 million. WSFS Financial had a return on equity of 12.03% and a net margin of 19.23%. sell-side analysts anticipate that WSFS Financial Co. will post 3.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were given a $0.11 dividend. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. WSFS Financial’s dividend payout ratio (DPR) is presently 17.19%.
Several equities research analysts have issued reports on the company. BidaskClub downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $56.00 price objective on shares of WSFS Financial in a report on Tuesday, February 27th. Boenning Scattergood restated a “buy” rating on shares of WSFS Financial in a report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded WSFS Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, May 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. WSFS Financial has a consensus rating of “Buy” and a consensus target price of $56.67.
Several institutional investors and hedge funds have recently modified their holdings of WSFS. Xact Kapitalforvaltning AB acquired a new position in shares of WSFS Financial in the 4th quarter worth approximately $265,000. A.R.T. Advisors LLC acquired a new position in shares of WSFS Financial in the 1st quarter worth approximately $301,000. Cigna Investments Inc. New acquired a new position in shares of WSFS Financial in the 1st quarter worth approximately $355,000. Barclays PLC grew its position in shares of WSFS Financial by 68.6% in the 1st quarter. Barclays PLC now owns 8,626 shares of the bank’s stock worth $413,000 after acquiring an additional 3,509 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of WSFS Financial by 13.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 9,296 shares of the bank’s stock worth $445,000 after acquiring an additional 1,135 shares in the last quarter. Institutional investors own 79.93% of the company’s stock.
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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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