WSFS Financial Co. (NASDAQ:WSFS) Short Interest Down 5.1% in November

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WSFS Financial Co. (NASDAQ:WSFS) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,120,000 shares, a decline of 5.1% from the October 31st total of 1,180,000 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average trading volume of 191,300 shares, the short-interest ratio is presently 5.9 days.

NASDAQ WSFS opened at $43.86 on Tuesday. WSFS Financial has a 52 week low of $33.75 and a 52 week high of $46.05. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $43.83 and its 200-day simple moving average is $42.27. The firm has a market cap of $2.33 billion, a PE ratio of 12.35 and a beta of 1.12.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $183.18 million during the quarter, compared to the consensus estimate of $158.75 million. WSFS Financial had a return on equity of 10.47% and a net margin of 20.56%. Research analysts expect that WSFS Financial will post 3.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, November 6th. WSFS Financial’s payout ratio is 13.52%.

In other news, EVP Richard Wright sold 8,026 shares of WSFS Financial stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $44.61, for a total transaction of $358,039.86. Following the transaction, the executive vice president now owns 60,851 shares in the company, valued at approximately $2,714,563.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick Joseph Ward sold 15,962 shares of WSFS Financial stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $41.95, for a total value of $669,605.90. Following the transaction, the executive vice president now owns 115,729 shares in the company, valued at approximately $4,854,831.55. The disclosure for this sale can be found here. 2.42% of the stock is owned by insiders.

Several large investors have recently modified their holdings of WSFS. Toronto Dominion Bank acquired a new stake in shares of WSFS Financial during the 2nd quarter worth about $27,000. Strs Ohio increased its position in shares of WSFS Financial by 120.0% during the 2nd quarter. Strs Ohio now owns 1,100 shares of the bank’s stock worth $45,000 after purchasing an additional 600 shares during the last quarter. Kavar Capital Partners LLC acquired a new stake in shares of WSFS Financial during the 2nd quarter worth about $55,000. Tower Research Capital LLC TRC increased its position in shares of WSFS Financial by 4,154.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the bank’s stock worth $90,000 after purchasing an additional 2,119 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of WSFS Financial by 9.4% during the 2nd quarter. US Bancorp DE now owns 3,381 shares of the bank’s stock worth $139,000 after purchasing an additional 291 shares during the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on WSFS shares. ValuEngine lowered WSFS Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods lowered WSFS Financial from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Wednesday, October 23rd. BidaskClub lowered WSFS Financial from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of WSFS Financial in a report on Saturday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. WSFS Financial currently has an average rating of “Hold” and a consensus target price of $48.25.

WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

Further Reading: How is the discount rate different from the Federal Funds rate?

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