WSFS Financial Corp. (WSFS) Sets New 52-Week High at $38.13
WSFS Financial Corp. (NASDAQ:WSFS)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $38.13 and last traded at $38.09, with a volume of 48,518 shares. The stock had previously closed at $37.89.
WSFS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Keefe, Bruyette & Woods raised their price objective 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 stock’s 50 day moving average price is $35.60 and its 200 day moving average price is $33.54. The company has a market capitalization of $1.12 billion and a P/E ratio of 18.35.
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, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $46.41 million for the quarter, compared to analyst estimates of $46.64 million. WSFS Financial Corp.’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts expect that WSFS Financial Corp. will post $2.16 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%.
In other 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 transaction of $261,902.07. Following the transaction, the executive vice president now directly owns 15,689 shares in the company, valued at $565,274.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in WSFS Financial Corp. stock. Swiss National Bank raised its position in WSFS Financial Corp. (NASDAQ:WSFS) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,900 shares of the company’s stock after buying an additional 2,300 shares during the period. Swiss National Bank owned about 0.13% of WSFS Financial Corp. worth $1,226,000 at the end of the most recent reporting period.
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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