WSFS Financial Co. (NASDAQ:WSFS) insider Thomas W. Kearney sold 1,282 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $49.67, for a total transaction of $63,676.94. Following the completion of the transaction, the insider now directly owns 17,051 shares of the company’s stock, valued at approximately $846,923.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
WSFS Financial Co. (WSFS) opened at $50.65 on Monday. WSFS Financial Co. has a 52 week low of $42.45 and a 52 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 cap of $1,590.59, a P/E ratio of 19.71, a P/E/G ratio of 1.27 and a beta of 1.25.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The firm had revenue of $89.90 million during the quarter, compared to analyst estimates of $57.89 million. During the same quarter last year, the business posted $0.56 EPS. The company’s revenue was up 11.4% on a year-over-year basis. analysts forecast that WSFS Financial Co. will post 3.33 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in WSFS Financial by 3.0% in 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 in the last quarter. Wells Fargo & Company MN lifted its position in WSFS Financial by 44.8% in 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 in the last quarter. Eagle Asset Management Inc. lifted its position in WSFS Financial by 22.3% in 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 in the last quarter. Chatham Capital Group Inc. lifted its position in WSFS Financial by 27.6% in 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 in the last quarter. Finally, Comerica Bank lifted its position in WSFS Financial by 35.9% in 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 in the last quarter. Institutional investors own 80.06% of the company’s stock.
WSFS has been the subject of a number of recent analyst reports. ValuEngine lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. BidaskClub lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, December 27th. Sandler O’Neill reaffirmed a “buy” rating and issued a $57.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 23rd. Finally, DA Davidson raised their price objective on shares of WSFS Financial to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.17.
WSFS Financial 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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