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

WSFS Financial Corporation (NASDAQ:WSFS) EVP James Wechsler sold 450 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $69.89, for a total transaction of $31,450.50. Following the transaction, the executive vice president owned 5,777 shares of the company’s stock, valued at approximately $403,754.53. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

WSFS Financial Trading Down 0.3%

Shares of WSFS Financial stock traded down $0.19 on Monday, hitting $70.46. The stock had a trading volume of 844,611 shares, compared to its average volume of 484,212. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $71.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $3.85 billion, a P/E ratio of 13.82 and a beta of 0.79. The stock has a 50 day moving average of $58.48 and a 200 day moving average of $56.17.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the previous year, the business earned $1.11 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

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 paid a $0.17 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. WSFS Financial’s payout ratio is currently 13.33%.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position 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 valued at $537,000 after buying an additional 5,240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in WSFS Financial by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after purchasing an additional 1,176 shares during the period. Millennium Management LLC raised its position in shares of WSFS Financial by 230.4% in the first quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock valued at $3,772,000 after purchasing an additional 50,717 shares during the period. United Services Automobile Association purchased a new position in WSFS Financial in the 1st quarter valued at approximately $204,000. Finally, Jane Street Group LLC lifted its position in shares of WSFS Financial by 579.0% during the first quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after acquiring an additional 100,171 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WSFS. Keefe, Bruyette & Woods lifted their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Stephens reissued an “overweight” rating and issued a $71.00 price target (up from $66.00) on shares of WSFS Financial in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. Finally, Zacks Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.