WSFS Financial Corp. (WSFS) Reaches New 52-Week High at $37.73
WSFS Financial Corp. (NASDAQ:WSFS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $37.73 and last traded at $37.53, with a volume of 13,420 shares. The stock had previously closed at $37.49.
Several research firms recently commented on WSFS. Zacks Investment Research raised shares of WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, August 2nd. Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, August 1st.
The company has a 50-day moving average of $34.67 and a 200-day moving average of $33.17. The company has a market cap of $1.11 billion and a P/E ratio of 18.13.
WSFS Financial Corp. (NASDAQ:WSFS) last released its earnings results on Thursday, July 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. During the same period in the previous year, the company earned $0.43 EPS. The business had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $46.64 million. WSFS Financial Corp.’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, analysts forecast that WSFS Financial Corp. will post $2.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Wednesday, August 17th.
In other news, EVP Stephen P. Clark sold 7,269 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.03, for a total transaction of $261,902.07. Following the completion of the sale, the executive vice president now owns 15,689 shares of the company’s stock, valued at $565,274.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul D. Geraghty sold 15,348 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $34.42, for a total transaction of $528,278.16. Following the sale, the executive vice president now directly owns 33,688 shares of the company’s stock, valued at approximately $1,159,540.96. The disclosure for this sale can be found here.
Several large investors have added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in WSFS Financial Corp. by 107.5% in the fourth quarter. First Trust Advisors LP now owns 36,348 shares of the company’s stock worth $1,176,000 after buying an additional 18,833 shares during the last quarter. Victory Capital Management Inc. raised its stake in WSFS Financial Corp. by 28.7% in the fourth quarter. Victory Capital Management Inc. now owns 36,685 shares of the company’s stock worth $1,187,000 after buying an additional 8,173 shares during the last quarter. Swiss National Bank raised its stake in WSFS Financial Corp. by 6.5% in the fourth quarter. Swiss National Bank now owns 37,900 shares of the company’s stock worth $1,226,000 after buying an additional 2,300 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in WSFS Financial Corp. by 6.5% in the fourth quarter. Rhumbline Advisers now owns 45,260 shares of the company’s stock worth $1,465,000 after buying an additional 2,756 shares during the last quarter.
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. The Company 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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