WSFS Financial Corp. (WSFS) Sees Strong Trading Volume
WSFS Financial Corp. (NASDAQ:WSFS) saw strong trading volume on Friday . 93,701 shares were traded during 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.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised 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 lifted 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 research note on Monday, August 1st.
The firm has a 50 day moving average of $35.01 and a 200-day moving average of $33.27. The company has a market capitalization of $1.12 billion and a P/E 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 the Thomson Reuters’ 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. During the same quarter in the prior year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, 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. Shareholders of record on Friday, August 19th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.63%.
In other WSFS Financial Corp. news, EVP Stephen P. Clark sold 7,269 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. 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 valued at $1,176,000 after buying an additional 18,833 shares in the last quarter. 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 valued at $1,187,000 after buying an additional 8,173 shares in 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 valued at $1,465,000 after buying an additional 2,756 shares in 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 valued at $1,226,000 after buying an additional 2,300 shares in 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.