Insider Selling: WSFS Financial Corporation (WSFS) EVP Sells 499 Shares of Stock
WSFS Financial Corporation (NASDAQ:WSFS) EVP S James Mazarakis sold 499 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $43.93, for a total transaction of $21,921.07. Following the transaction, the executive vice president now owns 41,127 shares of the company’s stock, valued at $1,806,709.11. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
S James Mazarakis also recently made the following trade(s):
- On Tuesday, May 23rd, S James Mazarakis sold 2,202 shares of WSFS Financial Corporation stock. The stock was sold at an average price of $44.50, for a total transaction of $97,989.00.
Shares of WSFS Financial Corporation (WSFS) traded up 1.04% during midday trading on Friday, reaching $43.65. 102,860 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $45.25 and a 200 day moving average price of $45.50. The firm has a market cap of $1.37 billion, a PE ratio of 19.98 and a beta of 1.19. WSFS Financial Corporation has a 12 month low of $31.90 and a 12 month high of $50.55.
WSFS Financial Corporation (NASDAQ:WSFS) last released its earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The firm had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. Equities research analysts predict that WSFS Financial Corporation will post $2.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, August 9th. WSFS Financial Corporation’s payout ratio is 12.73%.
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Several equities research analysts recently issued reports on WSFS shares. Zacks Investment Research downgraded shares of WSFS Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. BidaskClub downgraded shares of WSFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $50.00 target price on shares of WSFS Financial Corporation in a research note on Monday, May 1st. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. WSFS Financial Corporation presently has an average rating of “Hold” and an average price target of $51.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in WSFS Financial Corporation during the first quarter worth $110,000. Acrospire Investment Management LLC bought a new position in WSFS Financial Corporation during the first quarter worth $111,000. First Mercantile Trust Co. boosted its position in WSFS Financial Corporation by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock worth $122,000 after buying an additional 270 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in WSFS Financial Corporation during the first quarter worth $145,000. Finally, US Bancorp DE boosted its position in WSFS Financial Corporation by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after buying an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 78.42% of the company’s stock.
WSFS Financial Corporation 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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