Paul D. Geraghty Sells 10,353 Shares of WSFS Financial Co. (WSFS) Stock
WSFS Financial Co. (NASDAQ:WSFS) EVP Paul D. Geraghty sold 10,353 shares of WSFS Financial stock in a transaction on Monday, March 12th. The shares were sold at an average price of $50.19, for a total transaction of $519,617.07. Following the completion of the transaction, the executive vice president now owns 19,743 shares in the company, valued at $990,901.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of WSFS Financial Co. (WSFS) opened at $50.50 on Wednesday. WSFS Financial Co. has a fifty-two week low of $42.45 and a fifty-two week high of $53.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1,573.32, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25.
WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The company had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. During the same quarter last year, the company earned $0.56 earnings per share. WSFS Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that WSFS Financial Co. will post 3.33 EPS for the current year.
WSFS has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. BidaskClub lowered shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 price objective on shares of WSFS Financial in a research report on Tuesday, February 27th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $56.17.
Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of WSFS Financial by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,242,570 shares of the bank’s stock worth $60,575,000 after buying an additional 36,426 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of WSFS Financial by 44.8% during the 3rd quarter. Wells Fargo & Company MN now owns 77,946 shares of the bank’s stock worth $3,800,000 after buying an additional 24,121 shares during the last quarter. Comerica Bank raised its stake in shares of WSFS Financial by 35.9% during the 4th quarter. Comerica Bank now owns 65,368 shares of the bank’s stock worth $3,442,000 after buying an additional 17,271 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of WSFS Financial by 22.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 208,565 shares of the bank’s stock worth $10,250,000 after buying an additional 38,009 shares during the last quarter. Finally, Chatham Capital Group Inc. raised its stake in shares of WSFS Financial by 27.6% during the 3rd quarter. Chatham Capital Group Inc. now owns 29,830 shares of the bank’s stock worth $1,454,000 after buying an additional 6,450 shares during the last quarter. 80.06% of the stock is owned by institutional investors and hedge funds.
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About WSFS Financial
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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