WSFS Financial Co. (NASDAQ:WSFS) EVP Thomas W. Kearney sold 1,569 shares of WSFS Financial stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $48.47, for a total transaction of $76,049.43. Following the transaction, the executive vice president now directly owns 17,527 shares of the company’s stock, valued at $849,533.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
WSFS Financial Co. (NASDAQ WSFS) traded down $0.10 during trading on Wednesday, reaching $50.40. 131,046 shares of the company’s stock traded hands, compared to its average volume of 89,911. The stock has a market cap of $1,573.32, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.05 and a current ratio of 1.05. WSFS Financial Co. has a 12 month low of $42.45 and a 12 month high of $53.00.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. research analysts predict that WSFS Financial Co. will post 3.33 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in WSFS. BlackRock Inc. raised its holdings in shares of WSFS Financial by 2.7% in the 4th quarter. BlackRock Inc. now owns 1,990,597 shares of the bank’s stock valued at $95,250,000 after purchasing an additional 51,739 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in shares of WSFS Financial by 4.0% in the 4th quarter. Standard Life Aberdeen plc now owns 1,497,357 shares of the bank’s stock valued at $71,649,000 after purchasing an additional 57,519 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of WSFS Financial by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,242,570 shares of the bank’s stock valued at $60,575,000 after purchasing an additional 36,426 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of WSFS Financial by 4.8% in the 4th quarter. Macquarie Group Ltd. now owns 919,347 shares of the bank’s stock valued at $43,991,000 after purchasing an additional 42,519 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of WSFS Financial by 7.3% in the 2nd quarter. State Street Corp now owns 585,592 shares of the bank’s stock valued at $26,559,000 after purchasing an additional 39,671 shares in the last quarter. 80.06% of the stock is owned by institutional investors.
WSFS has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Merion Capital Group lifted their price target on shares of WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. BidaskClub cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. ValuEngine cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $57.00 price target on shares of WSFS Financial in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.17.
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WSFS Financial 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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