WSFS Financial (NASDAQ:WSFS) EVP Shari Kruzinski Sells 3,500 Shares

WSFS Financial Corporation (NASDAQ:WSFS) EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total transaction of $286,090.00. Following the transaction, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. This trade represents a 18.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

WSFS Financial Price Performance

Shares of WSFS Financial stock opened at $79.82 on Friday. WSFS Financial Corporation has a 52-week low of $49.92 and a 52-week high of $82.30. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 13.35 and a beta of 0.76. The company has a fifty day moving average of $75.83 and a 200-day moving average of $69.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS. Equities research analysts expect that WSFS Financial Corporation will post 6.45 EPS for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. WSFS Financial’s payout ratio is currently 13.38%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WSFS shares. Piper Sandler restated a “neutral” rating and set a $80.00 price target (up from $72.00) on shares of WSFS Financial in a research report on Wednesday, May 6th. Stephens restated an “overweight” rating and issued a $87.00 target price on shares of WSFS Financial in a report on Monday. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday. UBS Group set a $76.00 target price on shares of WSFS Financial in a report on Monday, April 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of WSFS Financial in the 4th quarter worth approximately $39,193,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $34,313,000. Goldman Sachs Group Inc. grew its stake in WSFS Financial by 71.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 470,191 shares of the bank’s stock worth $25,973,000 after purchasing an additional 195,979 shares during the period. Principal Financial Group Inc. raised its holdings in WSFS Financial by 64.0% in the first quarter. Principal Financial Group Inc. now owns 427,481 shares of the bank’s stock worth $27,983,000 after purchasing an additional 166,837 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in WSFS Financial by 1,190.1% in the third quarter. Citadel Advisors LLC now owns 153,234 shares of the bank’s stock worth $8,264,000 after purchasing an additional 141,356 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

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.