WSFS Financial Corp. (WSFS) EVP Paul D. Geraghty Sells 3,772 Shares of Stock
WSFS Financial Corp. (NASDAQ:WSFS) EVP Paul D. Geraghty sold 3,772 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $40.53, for a total value of $152,879.16. Following the sale, the executive vice president now directly owns 31,699 shares in the company, valued at approximately $1,284,760.47. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of WSFS Financial Corp. (NASDAQ:WSFS) traded up 0.74% during trading on Friday, hitting $40.85. The stock had a trading volume of 31,510 shares. The stock has a 50 day moving average of $36.43 and a 200 day moving average of $35.59. WSFS Financial Corp. has a 12 month low of $26.40 and a 12 month high of $41.85. The company has a market cap of $1.28 billion, a PE ratio of 20.83 and a beta of 1.17.
WSFS Financial Corp. (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.10. WSFS Financial Corp. had a return on equity of 10.75% and a net margin of 19.56%. The firm earned $46 million during the quarter, compared to the consensus estimate of $50.03 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue was up 54.9% on a year-over-year basis. Equities analysts forecast that WSFS Financial Corp. will post $2.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. This is a positive change from WSFS Financial Corp.’s previous quarterly dividend of $0.06. WSFS Financial Corp.’s payout ratio is presently 14.21%.
Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of WSFS Financial Corp. by 120.6% in the third quarter. Advisors Asset Management Inc. now owns 2,764 shares of the company’s stock valued at $101,000 after buying an additional 1,511 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of WSFS Financial Corp. during the second quarter valued at approximately $109,000. Societe Generale purchased a new stake in shares of WSFS Financial Corp. during the second quarter valued at approximately $109,000. Teacher Retirement System of Texas raised its stake in shares of WSFS Financial Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 3,965 shares of the company’s stock valued at $128,000 after buying an additional 483 shares during the last quarter. Finally, Aperio Group LLC purchased a new stake in shares of WSFS Financial Corp. during the third quarter valued at approximately $200,000. 74.08% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on WSFS shares. Zacks Investment Research lowered WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Stephens started coverage on WSFS Financial Corp. in a research note on Friday, September 23rd. They issued an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded WSFS Financial Corp. from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $37.00 to $38.00 in a research note on Monday, October 31st.
About WSFS Financial Corp.
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. The Company 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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