WSFS Financial Corp. (WSFS) Sets New 1-Year High at $38.44
WSFS Financial Corp. (NASDAQ:WSFS) shares reached 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 changing hands. The stock had previously closed at $38.05.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods boosted their target price on WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, August 1st.
The stock’s 50 day moving average price is $36.17 and its 200 day moving average price is $33.88. The stock has a market cap of $1.14 billion and a P/E ratio of 18.59.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The company earned $46.41 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.43 EPS. On average, equities research analysts expect that WSFS Financial Corp. will post $2.16 EPS for the current year.
The business also recently declared 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 dividend yield of 0.62%.
In other WSFS Financial Corp. news, EVP Stephen P. Clark sold 7,269 shares of WSFS Financial Corp. 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 owns 15,689 shares in the company, valued at approximately $565,274.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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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