WSFS Financial Corp. (WSFS) Trading Down 0.8%
WSFS Financial Corp. (NASDAQ:WSFS) shares were down 0.8% during mid-day trading on Monday . The stock traded as low as $37.66 and last traded at $37.75, with a volume of 80,056 shares. The stock had previously closed at $38.06.
Several research analysts recently issued reports on WSFS shares. Zacks Investment Research raised WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods increased their price objective on 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 market cap of $1.11 billion and a price-to-earnings ratio of 18.22. The stock’s 50 day moving average is $35.87 and its 200 day moving average is $33.77.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its earnings results on Thursday, July 28th. The company reported $0.58 earnings per share (EPS) 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. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Equities analysts forecast that WSFS Financial Corp. will post $2.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given 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 of this dividend 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 stock was sold at an average price of $36.03, for a total transaction of $261,902.07. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.