WSFS Financial Corp. (WSFS) Trading Down 1.1%
WSFS Financial Corp. (NASDAQ:WSFS) traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as $36.03 and last traded at $36.28, with a volume of 179,263 shares. The stock had previously closed at $36.67.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods raised their price objective on WSFS Financial Corp. from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, August 1st.
The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.52 and a beta of 1.36. The stock has a 50 day moving average of $37.23 and a 200-day moving average of $34.63.
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WSFS Financial Corp. (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm earned $46.41 million during the quarter, compared to analyst estimates of $46.64 million. WSFS Financial Corp. had a return on equity of 11.78% and a net margin of 21.20%. WSFS Financial Corp.’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities analysts expect that WSFS Financial Corp. will post $2.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Wednesday, August 17th. WSFS Financial Corp.’s dividend payout ratio (DPR) is 11.59%.
In other WSFS Financial Corp. news, EVP Stephen P. Clark sold 7,269 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total value of $261,902.07. Following the completion of the transaction, the executive vice president now owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.17% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC raised its position in shares of WSFS Financial Corp. by 6.6% in the first quarter. TIAA CREF Investment Management LLC now owns 97,050 shares of the company’s stock worth $3,156,000 after buying an additional 6,002 shares during the period. Huntington Asset Advisors Inc. acquired a new position in shares of WSFS Financial Corp. during the first quarter worth $167,000. UBS Asset Management Americas Inc. raised its position in shares of WSFS Financial Corp. by 6.1% in the first quarter. UBS Asset Management Americas Inc. now owns 12,512 shares of the company’s stock worth $407,000 after buying an additional 718 shares during the period. Hancock Holding Co. acquired a new position in shares of WSFS Financial Corp. during the first quarter worth $769,000. Finally, Renaissance Technologies LLC raised its position in shares of WSFS Financial Corp. by 4.9% in the first quarter. Renaissance Technologies LLC now owns 1,041,914 shares of the company’s stock worth $33,883,000 after buying an additional 48,509 shares during the period. 77.28% of the stock is owned by institutional investors and hedge funds.
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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