WSFS Financial (NASDAQ:WSFS) EVP Sells $31,450.50 in Stock

WSFS Financial Corporation (NASDAQ:WSFS) EVP James Wechsler sold 450 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $69.89, for a total value of $31,450.50. Following the transaction, the executive vice president directly owned 5,777 shares of the company’s stock, valued at approximately $403,754.53. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

WSFS Financial Price Performance

Shares of NASDAQ WSFS traded down $0.19 during midday trading on Monday, reaching $70.46. The company’s stock had a trading volume of 844,611 shares, compared to its average volume of 484,212. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 13.82 and a beta of 0.79. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $71.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $58.48 and a 200 day moving average price of $56.17.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter last year, the business posted $1.11 EPS. WSFS Financial’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, February 13th. WSFS Financial’s dividend payout ratio is 13.33%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of WSFS Financial during the 2nd quarter worth approximately $36,860,000. Edgestream Partners L.P. bought a new position in shares of WSFS Financial during the second quarter worth approximately $8,834,000. Citadel Advisors LLC lifted its holdings in shares of WSFS Financial by 1,190.1% during the third quarter. Citadel Advisors LLC now owns 153,234 shares of the bank’s stock worth $8,264,000 after buying an additional 141,356 shares in the last quarter. Cooke & Bieler LP boosted its holdings in WSFS Financial by 15.5% in the 3rd quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock valued at $55,653,000 after purchasing an additional 138,220 shares during the period. Finally, Pzena Investment Management LLC grew its position in WSFS Financial by 14.5% during the third quarter. Pzena Investment Management LLC now owns 928,413 shares of the bank’s stock worth $50,069,000 after buying an additional 117,244 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

WSFS has been the subject of a number of research reports. Zacks Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 28th. Piper Sandler increased their target price on shares of WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Stephens reaffirmed an “overweight” rating and set a $71.00 price target (up from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.