WSFS Financial Co. (WSFS) EVP S James Mazarakis Sells 2,202 Shares
WSFS Financial Co. (NASDAQ:WSFS) EVP S James Mazarakis sold 2,202 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $44.50, for a total transaction of $97,989.00. Following the completion of the sale, the executive vice president now owns 43,828 shares in the company, valued at $1,950,346. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
S James Mazarakis also recently made the following trade(s):
- On Monday, March 13th, S James Mazarakis sold 4,038 shares of WSFS Financial stock. The shares were sold at an average price of $44.95, for a total transaction of $181,508.10.
- On Wednesday, March 8th, S James Mazarakis sold 8,743 shares of WSFS Financial stock. The shares were sold at an average price of $45.90, for a total transaction of $401,303.70.
WSFS Financial Co. (NASDAQ:WSFS) traded down 0.67% during midday trading on Wednesday, hitting $44.35. 68,641 shares of the stock were exchanged. WSFS Financial Co. has a one year low of $30.56 and a one year high of $50.55. The company has a 50 day moving average price of $46.24 and a 200 day moving average price of $45.03. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.80 and a beta of 1.22.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $81.20 million for the quarter, compared to the consensus estimate of $80.53 million. WSFS Financial had a net margin of 20.09% and a return on equity of 10.42%. During the same period last year, the company posted $0.53 EPS. Equities analysts anticipate that WSFS Financial Co. will post $2.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be given a $0.07 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.63%. WSFS Financial’s dividend payout ratio is 13.53%.
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A number of equities research analysts have recently issued reports on WSFS shares. DA Davidson started coverage on shares of WSFS Financial in a report on Monday, March 6th. They set a “buy” rating and a $55.00 price target on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $50.00 price target on shares of WSFS Financial in a report on Wednesday, April 5th. Finally, Zacks Investment Research upgraded shares of WSFS Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Wednesday, May 3rd.
Several hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $110,000. Acrospire Investment Management LLC bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $111,000. First Mercantile Trust Co. increased its stake in shares of WSFS Financial by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock valued at $122,000 after buying an additional 270 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $145,000. Finally, US Bancorp DE increased its stake in shares of WSFS Financial by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock valued at $151,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.
WSFS Financial 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. 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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