Key Points
- James Wechsler, EVP of WSFS Financial, sold 450 shares on Feb. 5 at an average price of $69.89 for $31,450.50, reducing his stake by 7.23% to 5,777 shares (about $403,755), as disclosed in an SEC filing.
- WSFS reported Q results with EPS of $1.43, beating the $1.26 estimate and showing revenue up 4% year-over-year, and the company declared a quarterly dividend of $0.17 ($0.68 annualized, 1.0% yield; ex-dividend Feb. 13).
- The stock trades near $70 with a 52-week range of $42.44–$71.32, a market cap of ~$3.85B and a P/E of 13.82; Wall Street consensus is a “Moderate Buy” with a $69 price target.
WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) EVP James Wechsler sold 450 shares of the firm's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $69.89, for a total value of $31,450.50. Following the completion of the sale, the executive vice president directly owned 5,777 shares of the company's stock, valued at approximately $403,754.53. This represents a 7.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
WSFS Financial Stock Performance
Shares of WSFS Financial stock opened at $70.46 on Tuesday. The company has a 50 day moving average price of $58.77 and a 200 day moving average price of $56.27. The firm has a market capitalization of $3.85 billion, a P/E ratio of 13.82 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $71.32.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.17. The company had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. WSFS Financial's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. Sell-side analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current year.
WSFS Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. WSFS Financial's dividend payout ratio (DPR) is 13.33%.
Hedge Funds Weigh In On WSFS Financial
Several institutional investors have recently made changes to their positions in the company. First Horizon Corp acquired a new position in shares of WSFS Financial in the 3rd quarter valued at $31,000. Torren Management LLC acquired a new position in shares of WSFS Financial in the fourth quarter worth about $35,000. Clearstead Advisors LLC boosted its stake in shares of WSFS Financial by 167.5% during the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank's stock worth $43,000 after acquiring an additional 489 shares in the last quarter. Quarry LP grew its position in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank's stock valued at $44,000 after acquiring an additional 500 shares during the period. Finally, CWM LLC increased its stake in shares of WSFS Financial by 31.2% in the 2nd quarter. CWM LLC now owns 920 shares of the bank's stock valued at $51,000 after purchasing an additional 219 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on WSFS shares. TD Cowen reissued a "buy" rating on shares of WSFS Financial in a report on Wednesday, January 28th. Stephens reiterated an "overweight" rating and issued a $71.00 price target (up previously from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of WSFS Financial in a report on Wednesday, January 21st. Finally, DA Davidson lowered shares of WSFS Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.00.
View Our Latest Research Report on WSFS
WSFS Financial Company Profile
(
Get Free Report)
WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.
WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.
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