WSFS Financial Corp. (WSFS) Sees Unusually-High Trading Volume
Shares of WSFS Financial Corp. (NASDAQ:WSFS) saw unusually-strong trading volume on Tuesday . Approximately 120,399 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 94,951 shares.The stock last traded at $37.90 and had previously closed at $37.73.
Several analysts recently commented 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 for the company in a report on Wednesday, May 4th. Keefe, Bruyette & Woods lifted their price objective on WSFS Financial Corp. from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, August 1st.
The company has a market cap of $1.12 billion and a P/E ratio of 18.37. The firm’s 50-day moving average is $36.00 and its 200-day moving average is $33.85.
WSFS Financial Corp. (NASDAQ:WSFS) last posted its earnings results on Thursday, July 28th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $46.64 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. Analysts anticipate that WSFS Financial Corp. will post $2.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis 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 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 completion of the sale, the executive vice president now owns 15,689 shares in the company, valued at $565,274.67. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.
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