WSFS Financial Corp. (WSFS) Reaches New 1-Year High at $37.73
WSFS Financial Corp. (NASDAQ:WSFS) shares reached a new 52-week high during trading on Thursday . The company 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.
WSFS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded 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 report on Wednesday, May 4th. Keefe, Bruyette & Woods upped 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 report on Monday, August 1st.
The stock has a 50-day moving average of $35.01 and a 200 day moving average of $33.27. The firm has a market cap of $1.12 billion and a P/E ratio of 18.30.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm earned $46.41 million during the quarter, compared to analysts’ expectations of $46.64 million. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities analysts anticipate that WSFS Financial Corp. will post $2.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%.
In other WSFS Financial Corp. news, EVP Stephen P. Clark sold 7,269 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total value of $261,902.07. Following the transaction, the executive vice president now owns 15,689 shares in the company, valued at approximately $565,274.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds and institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of 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. Rhumbline Advisers raised its position in shares of 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. First Trust Advisors LP raised its position in shares of 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. Finally, Swiss National Bank raised its position in shares of 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.
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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