Insider Selling: WSFS Financial Corporation (WSFS) EVP Sells 8,580 Shares of Stock
WSFS Financial Corporation (NASDAQ:WSFS) EVP Peggy H. Eddens sold 8,580 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $44.29, for a total transaction of $380,008.20. Following the completion of the sale, the executive vice president now owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
WSFS Financial Corporation (NASDAQ:WSFS) traded up 1.04% on Friday, hitting $43.65. 102,141 shares of the stock were exchanged. WSFS Financial Corporation has a one year low of $31.90 and a one year high of $50.55. The stock has a market capitalization of $1.37 billion, a P/E ratio of 19.98 and a beta of 1.19. The company has a 50 day moving average of $45.25 and a 200 day moving average of $45.50.
WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, equities research analysts forecast that WSFS Financial Corporation will post $2.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, August 9th. WSFS Financial Corporation’s dividend payout ratio (DPR) is presently 12.73%.
A number of equities research analysts have issued reports on WSFS shares. Zacks Investment Research upgraded shares of WSFS Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Wednesday, May 3rd. BidaskClub downgraded shares of WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Boenning Scattergood reiterated a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods downgraded shares of WSFS Financial Corporation from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $51.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSFS. Ameritas Investment Partners Inc. bought a new position in WSFS Financial Corporation during the first quarter valued at $110,000. Acrospire Investment Management LLC acquired a new stake in shares of WSFS Financial Corporation during the first quarter worth approximately $111,000. First Mercantile Trust Co. raised its stake in shares of WSFS Financial Corporation by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock worth $122,000 after buying an additional 270 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of WSFS Financial Corporation during the first quarter worth approximately $145,000. Finally, US Bancorp DE raised its stake in shares of WSFS Financial Corporation by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after buying an additional 371 shares in the last quarter. Institutional investors own 78.42% of the company’s stock.
WSFS Financial Corporation Company Profile
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. It 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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