Shari Kruzinski Sells 3,500 Shares of WSFS Financial (NASDAQ:WSFS) Stock

WSFS Financial Corporation (NASDAQ:WSFS) EVP Shari Kruzinski sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the transaction, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. The trade was a 18.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $80.20 on Friday. The company has a fifty day simple moving average of $76.00 and a 200 day simple moving average of $69.60. WSFS Financial Corporation has a 12-month low of $49.92 and a 12-month high of $82.30. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.17 billion, a P/E ratio of 13.41 and a beta of 0.76.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.16. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.41 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts predict that WSFS Financial Corporation will post 6.51 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 7th. WSFS Financial’s dividend payout ratio is currently 13.38%.

Analyst Ratings Changes

A number of analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Stephens reissued an “overweight” rating and issued a $87.00 price target on shares of WSFS Financial in a research report on Monday. Piper Sandler restated a “neutral” rating and set a $80.00 price objective (up from $72.00) on shares of WSFS Financial in a research note on Wednesday, May 6th. UBS Group set a $76.00 target price on shares of WSFS Financial in a research note on Monday, April 27th. Finally, DA Davidson set a $83.00 price target on shares of WSFS Financial and gave the company a “neutral” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.64.

Hedge Funds Weigh In On WSFS Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of WSFS Financial by 102.6% during the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock valued at $537,000 after acquiring an additional 5,240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in WSFS Financial by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock valued at $1,807,000 after acquiring an additional 1,176 shares during the period. Millennium Management LLC lifted its position in shares of WSFS Financial by 230.4% during the first quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock worth $3,772,000 after acquiring an additional 50,717 shares in the last quarter. United Services Automobile Association bought a new position in shares of WSFS Financial in the first quarter worth $204,000. Finally, Jane Street Group LLC boosted its holdings in shares of WSFS Financial by 579.0% in the first quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after acquiring an additional 100,171 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.