Key Points
- WSFS Financial Director Michael Donahue sold 3,247 shares at an average price of $79.46, generating approximately $258,007 and reducing his stake by 22.03%.
- WSFS reported quarterly EPS of $1.66, beating estimates of $1.50, while revenue rose 5.6% year over year to $284.7 million.
- Analysts maintain a consensus “Hold” rating with an average price target of $83.07; the company also pays a quarterly dividend of $0.20, yielding about 1.0% annually.
WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) Director Michael Donahue sold 3,247 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $79.46, for a total transaction of $258,006.62. Following the completion of the transaction, the director owned 11,495 shares of the company's stock, valued at approximately $913,392.70. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
WSFS Financial Stock Down 0.3%
WSFS Financial stock opened at $79.73 on Friday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 13.33 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a twelve month low of $49.92 and a twelve month high of $82.94. The stock's fifty day simple moving average is $79.53 and its 200-day simple moving average is $73.09.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.16. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The firm had revenue of $284.70 million during the quarter, compared to analyst estimates of $278.41 million. During the same period last year, the business posted $1.27 earnings per share. WSFS Financial's revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that WSFS Financial Corporation will post 6.58 earnings per share for the current fiscal year.
WSFS Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. WSFS Financial's dividend payout ratio (DPR) is currently 13.38%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on WSFS shares. TD Cowen reissued a "buy" rating on shares of WSFS Financial in a research report on Wednesday, July 29th. Stephens cut shares of WSFS Financial from an "overweight" rating to an "equal weight" rating and set a $87.00 target price on the stock. in a report on Wednesday, August 12th. Piper Sandler reiterated a "neutral" rating and issued a $90.00 price target (up from $80.00) on shares of WSFS Financial in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of WSFS Financial from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, August 31st. Finally, DA Davidson set a $83.00 price objective on shares of WSFS Financial and gave the company a "neutral" rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $83.07.
Read Our Latest Stock Report on WSFS Financial
Institutional Trading of WSFS Financial
Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in shares of WSFS Financial during the 2nd quarter worth about $5,013,000. Engineers Gate Manager LP acquired a new stake in shares of WSFS Financial during the 2nd quarter worth about $2,133,000. Integrated Wealth Concepts LLC purchased a new stake in WSFS Financial during the second quarter worth approximately $155,000. Squarepoint Ops LLC purchased a new stake in WSFS Financial during the second quarter worth approximately $303,000. Finally, Allworth Financial LP boosted its holdings in WSFS Financial by 30.4% in the second quarter. Allworth Financial LP now owns 609 shares of the bank's stock valued at $47,000 after purchasing an additional 142 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.
WSFS Financial Company Profile
(
Get Free Report)
WSFS Financial Corporation is the parent company of WSFS Bank, a community-focused financial institution headquartered in Wilmington, Delaware. Founded in 1832 as the Wilmington Savings Fund Society, WSFS is one of the oldest locally managed banks in the United States.
WSFS Bank provides consumer and commercial banking services, including checking and savings accounts, residential and commercial lending, mortgages, credit and debit cards, treasury management, and other deposit and credit products.
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