WSFS Financial (NASDAQ:WSFS) Director Michael Donahue Sells 3,247 Shares

WSFS Financial Corporation (NASDAQ:WSFS) Director Michael Donahue sold 3,247 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $79.46, for a total value of $258,006.62. Following the completion of the transaction, the director owned 11,495 shares in the company, valued at $913,392.70. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

WSFS Financial Price Performance

WSFS stock opened at $79.73 on Friday. The business has a fifty day moving average of $79.53 and a two-hundred day moving average of $73.09. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 13.33 and a beta of 0.76. WSFS Financial Corporation has a 52-week low of $49.92 and a 52-week high of $82.94.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. As a group, research analysts anticipate that WSFS Financial Corporation will post 6.58 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 7th. WSFS Financial’s payout ratio is 13.38%.

Hedge Funds Weigh In On WSFS Financial

Several hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC grew its position in WSFS Financial by 92.4% in the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after acquiring an additional 207 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in WSFS Financial during the fourth quarter worth about $33,000. Allworth Financial LP acquired a new stake in shares of WSFS Financial during the second quarter worth about $47,000. Clearstead Advisors LLC lifted its position in shares of WSFS Financial by 167.5% during the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after purchasing an additional 489 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of WSFS Financial by 159.7% in the third quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

WSFS has been the subject of several research analyst reports. Weiss Ratings raised shares of WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 31st. DA Davidson set a $83.00 price target on shares of WSFS Financial and gave the company a “neutral” rating in a research note on Monday, July 27th. Stephens lowered shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective on the stock. in a report on Wednesday, August 12th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, WSFS Financial currently has an average rating of “Hold” and an average target price of $83.07.

About WSFS Financial

WSFS Financial Corporation is the parent company of WSFS Bank, a community-focused financial institution headquartered in Wilmington, Delaware. Founded in 1832 as the Wilmington Savings Fund Society, WSFS is one of the oldest locally managed banks in the United States.

WSFS Bank provides consumer and commercial banking services, including checking and savings accounts, residential and commercial lending, mortgages, credit and debit cards, treasury management, and other deposit and credit products.