WSFS Financial (NASDAQ:WSFS) EVP Shari Kruzinski Sells 1,000 Shares

WSFS Financial Corporation (NASDAQ:WSFS) EVP Shari Kruzinski sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $70.10, for a total value of $70,100.00. Following the sale, the executive vice president owned 14,740 shares of the company’s stock, valued at approximately $1,033,274. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

WSFS Financial Stock Performance

WSFS stock traded down $0.19 during midday trading on Monday, reaching $70.46. 844,611 shares of the company’s stock traded hands, compared to its average volume of 484,212. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $71.32. The stock has a market cap of $3.85 billion, a P/E ratio of 13.82 and a beta of 0.79. The stock’s 50-day moving average is $58.48 and its 200 day moving average is $56.17.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. The firm had revenue of $90.08 million during 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 company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WSFS shares. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Stephens reaffirmed an “overweight” rating and issued a $71.00 price objective (up previously from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. Finally, TD Cowen restated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors have recently added to or reduced their stakes in WSFS. AQR Capital Management LLC raised its holdings in shares of WSFS Financial by 102.6% during the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock worth $537,000 after acquiring an additional 5,240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of WSFS Financial by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after buying an additional 1,176 shares during the last quarter. Millennium Management LLC raised its position in shares of WSFS Financial by 230.4% during the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock valued at $3,772,000 after buying an additional 50,717 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of WSFS Financial during the 1st quarter valued at about $204,000. Finally, Jane Street Group LLC lifted its holdings in shares of WSFS Financial by 579.0% in the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock valued at $6,093,000 after acquiring an additional 100,171 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

About WSFS Financial

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.