Somewhat Positive Media Coverage Somewhat Unlikely to Impact WSFS Financial Corporation (WSFS) Share Price
Media stories about WSFS Financial Corporation (NASDAQ:WSFS) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WSFS Financial Corporation earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.4335039539595 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) traded up 0.57% during trading on Wednesday, hitting $44.40. 46,232 shares of the stock were exchanged. WSFS Financial Corporation has a 52 week low of $31.90 and a 52 week high of $50.55. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.32 and a beta of 1.19. The stock’s 50 day moving average price is $44.97 and its 200 day moving average price is $45.47.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a return on equity of 10.44% and a net margin of 19.96%. WSFS Financial Corporation’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, equities analysts predict that WSFS Financial Corporation will post $2.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Wednesday, August 9th. WSFS Financial Corporation’s dividend payout ratio is presently 12.73%.
WSFS has been the topic of several recent research reports. Zacks Investment Research raised shares of WSFS Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, May 3rd. Boenning Scattergood reissued a “buy” rating and issued a $49.00 price objective on shares of WSFS Financial Corporation in a research note on Friday, July 28th. BidaskClub cut shares of WSFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods cut shares of WSFS Financial Corporation from an “outperform” rating to a “mkt perform” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. WSFS Financial Corporation currently has an average rating of “Hold” and a consensus price target of $51.75.
In related news, EVP Peggy H. Eddens sold 8,580 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $44.29, for a total value of $380,008.20. Following the sale, the executive vice president now owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul S. Greenplate sold 7,056 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $46.28, for a total value of $326,551.68. Following the completion of the sale, the executive vice president now directly owns 10,535 shares in the company, valued at approximately $487,559.80. The disclosure for this sale can be found here. In the last three months, insiders sold 21,046 shares of company stock worth $949,869. Company insiders own 4.89% of the company’s stock.
WSFS Financial Corporation Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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