WSFS Financial Co. (NASDAQ:WSFS) EVP Paul D. Geraghty sold 14,694 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $49.62, for a total value of $729,116.28. Following the sale, the executive vice president now owns 22,743 shares in the company, valued at approximately $1,128,507.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of WSFS Financial Co. (NASDAQ:WSFS) traded up $0.95 during midday trading on Friday, reaching $50.65. The company had a trading volume of 53,688 shares, compared to its average volume of 76,367. The stock has a market capitalization of $1,560.76, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.25 and a beta of 1.25. WSFS Financial Co. has a 52-week low of $42.45 and a 52-week high of $53.00. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The firm had revenue of $89.90 million for the quarter, compared to analyst estimates of $57.89 million. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. WSFS Financial’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. sell-side analysts anticipate that WSFS Financial Co. will post 3.33 earnings per share for the current year.
Large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its holdings in WSFS Financial by 10.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock valued at $120,000 after acquiring an additional 256 shares during the period. Brown Advisory Securities LLC acquired a new position in WSFS Financial in the third quarter valued at approximately $234,000. Victory Capital Management Inc. lifted its holdings in WSFS Financial by 25.3% in the third quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock valued at $243,000 after acquiring an additional 1,007 shares during the period. Xact Kapitalforvaltning AB acquired a new position in WSFS Financial in the fourth quarter valued at approximately $265,000. Finally, Citadel Advisors LLC acquired a new position in WSFS Financial in the third quarter valued at approximately $287,000. 79.23% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on WSFS. BidaskClub lowered WSFS Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 target price on shares of WSFS Financial in a research report on Tuesday, February 27th. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. DA Davidson upped their target price on WSFS Financial to $64.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $56.17.
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About WSFS Financial
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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