WSFS Financial Corp. (WSFS) Reaches New 1-Year High at $38.44
WSFS Financial Corp. (NASDAQ:WSFS) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $38.44 and last traded at $38.25, with a volume of 60,820 shares trading hands. The stock had previously closed at $38.05.
WSFS has been the subject of several research reports. Zacks Investment Research raised WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods raised their target price on WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday, August 1st.
The firm’s 50-day moving average price is $36.00 and its 200-day moving average price is $33.85. The company has a market capitalization of $1.14 billion and a price-to-earnings ratio of 18.60.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. During the same period in the prior year, the firm earned $0.43 EPS. The company earned $46.41 million during the quarter, compared to analyst estimates of $46.64 million. WSFS Financial Corp.’s quarterly revenue was up 18.7% compared to the same quarter last year. Equities research analysts expect that WSFS Financial Corp. will post $2.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, August 17th.
In related news, EVP Stephen P. Clark sold 7,269 shares of the business’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 sale, the executive vice president now owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The sale was disclosed in a legal filing with the SEC, which is available through this link.
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.