WSFS Financial Co. (NASDAQ:WSFS) EVP S James Mazarakis sold 1,868 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total value of $96,183.32. Following the sale, the executive vice president now owns 42,995 shares in the company, valued at $2,213,812.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
WSFS Financial Co. (WSFS) traded down $0.35 on Friday, hitting $50.25. The stock had a trading volume of 94,401 shares, compared to its average volume of 104,784. The company has a market capitalization of $1,577.34, a PE ratio of 20.76, a PEG ratio of 2.00 and a beta of 1.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial Co. has a 1-year low of $42.45 and a 1-year high of $52.50.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The company had revenue of $87.80 million during the quarter, compared to analyst estimates of $56.86 million. WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. WSFS Financial’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. analysts anticipate that WSFS Financial Co. will post 2.51 earnings per share for the current year.
A number of analysts have recently issued reports on WSFS shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of WSFS Financial in a research report on Tuesday, October 24th. Boenning Scattergood restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, October 25th. Finally, ValuEngine cut WSFS Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.33.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its stake in WSFS Financial by 10.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock valued at $120,000 after buying an additional 256 shares in the last quarter. Victory Capital Management Inc. boosted its stake in WSFS Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock valued at $180,000 after buying an additional 596 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in WSFS Financial by 601.4% in the second quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after purchasing an additional 3,434 shares in the last quarter. Brown Advisory Securities LLC acquired a new position in WSFS Financial in the third quarter worth $234,000. Finally, Citadel Advisors LLC acquired a new position in WSFS Financial in the third quarter worth $287,000. 85.05% of the stock is currently owned by institutional investors and hedge funds.
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About WSFS Financial
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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