WSFS Financial Corp. (WSFS) Sees Large Volume Increase
WSFS Financial Corp. (NASDAQ:WSFS) shares saw an uptick in trading volume on Friday . 93,701 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 88,849 shares.The stock last traded at $37.59 and had previously closed at $37.64.
A number of brokerages recently commented on WSFS. 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 research note on Tuesday, August 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, August 1st.
The stock’s 50 day moving average price is $35.01 and its 200-day moving average price is $33.27. The firm has a market capitalization of $1.12 billion and a PE ratio of 18.30.
WSFS Financial Corp. (NASDAQ:WSFS) last released 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. During the same period last year, the business posted $0.43 earnings per share. The business earned $46.41 million during the quarter, compared to the consensus estimate of $46.64 million. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts expect that WSFS Financial Corp. will post $2.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, August 17th.
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 shares were sold at an average price of $36.03, for a total value of $261,902.07. Following the transaction, the executive vice president now directly 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 can be accessed through this link.
Several hedge funds and institutional investors have recently added to or reduced their stakes in WSFS. Victory Capital Management Inc. raised its position 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. Rhumbline Advisers raised its position 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. First Trust Advisors LP raised its position 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. Finally, Swiss National Bank raised its position 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.
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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