WSFS Financial Corp. (WSFS) EVP Sells $161,920.00 in Stock
WSFS Financial Corp. (NASDAQ:WSFS) EVP Richard Wright sold 4,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $40.48, for a total transaction of $161,920.00. Following the completion of the sale, the executive vice president now owns 46,481 shares in the company, valued at $1,881,550.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
WSFS Financial Corp. (NASDAQ:WSFS) opened at 41.05 on Monday. WSFS Financial Corp. has a 52 week low of $26.40 and a 52 week high of $41.85. The company has a market capitalization of $1.29 billion, a P/E ratio of 20.93 and a beta of 1.17. The firm has a 50-day moving average of $36.57 and a 200-day moving average of $35.64.
WSFS Financial Corp. (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The company had revenue of $46 million for the quarter, compared to analysts’ expectations of $50.03 million. WSFS Financial Corp. had a net margin of 19.56% and a return on equity of 10.75%. The business’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Analysts anticipate that WSFS Financial Corp. will post $2.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.68%. This is an increase from WSFS Financial Corp.’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, November 8th. WSFS Financial Corp.’s dividend payout ratio (DPR) is presently 14.21%.
WSFS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, August 2nd. Stephens initiated coverage on shares of WSFS Financial Corp. in a report on Friday, September 23rd. They set an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, August 1st.
A number of institutional investors have recently bought and sold shares of WSFS. BlackRock Inc. increased its position in WSFS Financial Corp. by 2.6% in the third quarter. BlackRock Inc. now owns 7,268 shares of the company’s stock valued at $266,000 after buying an additional 183 shares during the last quarter. Smith Asset Management Group LP increased its position in WSFS Financial Corp. by 0.3% in the third quarter. Smith Asset Management Group LP now owns 59,150 shares of the company’s stock valued at $2,158,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers increased its position in WSFS Financial Corp. by 0.5% in the third quarter. Rhumbline Advisers now owns 40,174 shares of the company’s stock valued at $1,466,000 after buying an additional 200 shares in the last quarter. Hancock Holding Co. increased its position in WSFS Financial Corp. by 1.7% in the second quarter. Hancock Holding Co. now owns 24,059 shares of the company’s stock valued at $774,000 after buying an additional 410 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in 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 in the last quarter. 74.13% of the stock is currently owned by institutional investors and hedge funds.
WSFS Financial Corp. 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. 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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