Shari Kruzinski Sells 1,000 Shares of WSFS Financial (NASDAQ:WSFS) Stock

WSFS Financial Corporation (NASDAQ:WSFS) EVP Shari Kruzinski sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.10, for a total value of $70,100.00. Following the transaction, the executive vice president directly owned 14,740 shares of the company’s stock, valued at $1,033,274. The trade was a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

WSFS Financial Trading Down 0.3%

Shares of WSFS stock traded down $0.19 during trading hours 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 current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $71.32. The stock has a market capitalization of $3.85 billion, a P/E ratio of 13.82 and a beta of 0.79. The firm’s fifty day simple moving average is $58.48 and its 200 day simple moving average is $56.17.

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

WSFS Financial Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler raised their price objective on WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. DA Davidson lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Stephens reaffirmed an “overweight” rating and set a $71.00 target price (up previously from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.00.

Hedge Funds Weigh In On WSFS Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of WSFS Financial by 102.6% during the first quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock valued at $537,000 after purchasing an additional 5,240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 buying an additional 1,176 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of WSFS Financial by 230.4% during the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock valued at $3,772,000 after buying an additional 50,717 shares during the period. United Services Automobile Association purchased a new position in shares of WSFS Financial in the 1st quarter worth $204,000. Finally, Jane Street Group LLC grew 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. Institutional investors own 88.49% of the company’s stock.

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.