Planning Directions Inc. Acquires New Position in WSFS Financial Corporation $WSFS

Planning Directions Inc. acquired a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,544 shares of the bank’s stock, valued at approximately $502,000.

A number of other large investors have also recently bought and sold shares of WSFS. BlackRock Inc. bought a new position in shares of WSFS Financial during the second quarter valued at approximately $576,695,000. Pzena Investment Management LLC acquired a new stake in shares of WSFS Financial during the 2nd quarter worth approximately $68,174,000. Norges Bank bought a new stake in shares of WSFS Financial in the 4th quarter worth approximately $39,193,000. Vaughan Nelson Investment Management L.P. acquired a new position in WSFS Financial during the 1st quarter valued at approximately $34,313,000. Finally, Bank of New York Mellon Corp acquired a new position in WSFS Financial during the 2nd quarter valued at approximately $29,722,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

Shares of WSFS stock opened at $81.14 on Thursday. WSFS Financial Corporation has a 12-month low of $49.92 and a 12-month high of $82.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 13.57 and a beta of 0.77. The business has a 50 day simple moving average of $77.60 and a 200 day simple moving average of $71.06.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $278.41 million. During the same quarter in the previous year, the business earned $1.27 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that WSFS Financial Corporation will post 6.58 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.38%.

Wall Street Analyst Weigh In

WSFS has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. Stephens downgraded shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target for the company. in a report on Wednesday. UBS Group set a $76.00 price target on shares of WSFS Financial in a research report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, July 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, WSFS Financial has an average rating of “Hold” and an average target price of $83.07.

Insider Transactions at WSFS Financial

In related news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total transaction of $286,090.00. Following the sale, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. The trade was a 18.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rodger Levenson sold 65,446 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the sale, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at $13,790,981.68. The trade was a 26.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

WSFS Financial 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.