James Wechsler Sells 450 Shares of WSFS Financial (NASDAQ:WSFS) Stock

WSFS Financial Corporation (NASDAQ:WSFS) EVP James Wechsler sold 450 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $69.89, for a total value of $31,450.50. Following the sale, the executive vice president owned 5,777 shares in the company, valued at $403,754.53. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

WSFS Financial Stock Down 2.9%

NASDAQ WSFS opened at $68.40 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $59.03 and a two-hundred day moving average of $56.35. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 13.41 and a beta of 0.79. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $71.32.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.17. The business 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%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 earnings per share. On average, analysts predict that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 13th. WSFS Financial’s dividend payout ratio is 13.33%.

Institutional Investors Weigh In On WSFS Financial

Hedge funds have recently made changes to their positions in the company. First Horizon Corp purchased a new position in shares of WSFS Financial during the third quarter valued at $31,000. Torren Management LLC bought a new position in WSFS Financial during the 4th quarter worth about $35,000. Clearstead Advisors LLC grew its holdings in 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 increased its position in 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 purchasing an additional 500 shares during the period. Finally, CWM LLC raised its holdings 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WSFS shares. Stephens reaffirmed an “overweight” rating and set a $71.00 target price (up previously from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. DA Davidson downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 28th. Zacks Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, Piper Sandler raised their price target on shares of WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

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.