A number of other brokerages have also commented on WSFS. Keefe, Bruyette & Woods upped their price objective on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a market perform rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of WSFS Financial Corp. from a hold rating to a buy rating and set a $39.00 target price on the stock in a research note on Tuesday, August 2nd.
Shares of WSFS Financial Corp. (NASDAQ:WSFS) opened at 36.81 on Friday. The company’s 50-day moving average price is $37.33 and its 200 day moving average price is $34.79. The company has a market cap of $1.09 billion, a PE ratio of 17.77 and a beta of 1.36. WSFS Financial Corp. has a one year low of $26.40 and a one year high of $39.31.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business earned $46.41 million during the quarter, compared to analyst estimates of $46.64 million. WSFS Financial Corp. had a net margin of 21.20% and a return on equity of 11.78%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities analysts forecast that WSFS Financial Corp. will post $2.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. WSFS Financial Corp.’s payout ratio is currently 11.59%.
In related news, EVP Stephen P. Clark sold 7,269 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.03, for a total value of $261,902.07. Following the sale, the executive vice president now owns 15,689 shares of the company’s stock, valued at $565,274.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.17% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of WSFS. Aberdeen Asset Management PLC UK boosted its stake in shares of WSFS Financial Corp. by 48.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 701,736 shares of the company’s stock valued at $22,588,000 after buying an additional 229,167 shares in the last quarter. Chatham Capital Group Inc. purchased a new stake in shares of WSFS Financial Corp. during the second quarter valued at $400,000. Strs Ohio boosted its stake in shares of WSFS Financial Corp. by 9.0% in the second quarter. Strs Ohio now owns 7,300 shares of the company’s stock valued at $234,000 after buying an additional 600 shares in the last quarter. Smith Asset Management Group LP boosted its stake in shares of WSFS Financial Corp. by 7.3% in the second quarter. Smith Asset Management Group LP now owns 58,950 shares of the company’s stock valued at $1,898,000 after buying an additional 4,000 shares in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of WSFS Financial Corp. during the second quarter valued at $211,000. 77.28% of the stock is currently owned by institutional investors and hedge funds.
WSFS Financial Corp. 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. The Company 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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