Key Points
- EVP Arthur Bacci sold 2,005 shares of WSFS on Feb. 9 at an average price of $70.51, reducing his stake by 7.07% to 26,366 shares valued at about $1.86 million.
- WSFS beat quarterly EPS estimates with $1.43 (vs. $1.26 expected) and reported revenue up 4% year-over-year, and the company announced a $0.17 quarterly dividend (1.0% yield; ex-dividend Feb. 13).
- The stock opened at $67.65 (down 1.1%), has a market cap of $3.7 billion and a P/E of 13.26, and carries a consensus analyst rating of "Moderate Buy" with an average price target of $69.00.
WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) EVP Arthur Bacci sold 2,005 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president directly owned 26,366 shares in the company, valued at $1,859,066.66. This trade represents a 7.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
WSFS Financial Trading Down 1.1%
Shares of NASDAQ WSFS opened at $67.65 on Thursday. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $71.32. The business has a fifty day moving average price of $59.27 and a 200 day moving average price of $56.43. The stock has a market capitalization of $3.70 billion, a P/E ratio of 13.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.26 by $0.17. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The business had revenue of $90.08 million during the quarter, compared to analyst estimates of $267.36 million. During the same period in the prior year, the firm posted $1.11 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.
WSFS Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 13th. WSFS Financial's dividend payout ratio is currently 13.33%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of WSFS Financial by 0.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank's stock worth $3,782,000 after purchasing an additional 198 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in WSFS Financial by 7.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank's stock worth $152,000 after purchasing an additional 203 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in WSFS Financial by 17.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank's stock worth $79,000 after buying an additional 212 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of WSFS Financial by 7.2% in the third quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank's stock valued at $177,000 after purchasing an additional 218 shares during the period. Finally, CWM LLC increased its holdings in shares of WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank's stock worth $51,000 after buying an additional 219 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on WSFS shares. Zacks Research raised shares of WSFS Financial from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 29th. DA Davidson lowered shares of WSFS Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods lifted their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a "market perform" rating in a research note on Thursday, January 29th. TD Cowen reissued a "buy" rating on shares of WSFS Financial in a research report on Wednesday, January 28th. Finally, Piper Sandler raised their target price on WSFS Financial from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.00.
Get Our Latest Stock Report on WSFS Financial
About WSFS Financial
(
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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