Insider Selling: WSFS Financial (NASDAQ:WSFS) EVP Sells $31,450.50 in Stock

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

WSFS Financial Trading Down 1.1%

Shares of WSFS stock opened at $67.65 on Thursday. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week 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 stock’s fifty day moving average is $59.27 and its two-hundred day moving average is $56.43. The firm has a market capitalization of $3.70 billion, a P/E ratio of 13.26 and a beta of 0.79.

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

WSFS Financial Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on WSFS. Piper Sandler upped their target price on WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. DA Davidson cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Institutional Investors Weigh In On WSFS Financial

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in WSFS Financial by 0.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank’s stock valued at $3,782,000 after buying an additional 198 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in WSFS Financial by 7.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank’s stock worth $152,000 after purchasing an additional 203 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares during the period. Smartleaf Asset Management LLC increased its stake in WSFS Financial by 7.2% during the third quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank’s stock valued at $177,000 after purchasing an additional 218 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of WSFS Financial by 31.2% during the second quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after purchasing an additional 219 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.