Shari Kruzinski Sells 3,500 Shares of WSFS Financial (NASDAQ:WSFS) Stock

WSFS Financial Corporation (NASDAQ:WSFS) EVP Shari Kruzinski sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the transaction, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. This trade represents a 18.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

WSFS Financial Stock Down 0.4%

Shares of WSFS Financial stock traded down $0.30 on Thursday, reaching $80.34. The company’s stock had a trading volume of 121,514 shares, compared to its average volume of 446,434. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 13.43 and a beta of 0.76. The firm’s fifty day simple moving average is $75.67 and its two-hundred day simple moving average is $69.36. WSFS Financial Corporation has a 52 week low of $49.92 and a 52 week high of $82.30. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.41 million. During the same period in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that WSFS Financial Corporation will post 6.45 earnings per share for the current year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. WSFS Financial’s payout ratio is 13.38%.

Analysts Set New Price Targets

WSFS has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $80.00 price target (up from $72.00) on shares of WSFS Financial in a research note on Wednesday, May 6th. Weiss Ratings restated a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. UBS Group set a $76.00 target price on shares of WSFS Financial in a report on Monday, April 27th. DA Davidson set a $83.00 target price on shares of WSFS Financial and gave the stock a “neutral” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WSFS. Tudor Investment Corp ET AL purchased a new position in WSFS Financial during the third quarter valued at $1,153,000. Denali Advisors LLC purchased a new stake in shares of WSFS Financial in the fourth quarter worth $2,425,000. Hsbc Holdings PLC bought a new stake in shares of WSFS Financial during the 4th quarter valued at $1,050,000. SG Americas Securities LLC increased its stake in WSFS Financial by 338.6% in the 4th quarter. SG Americas Securities LLC now owns 30,594 shares of the bank’s stock worth $1,690,000 after buying an additional 23,618 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in WSFS Financial by 11,821.6% in the 1st quarter. Fifth Third Bancorp now owns 28,731 shares of the bank’s stock worth $1,881,000 after buying an additional 28,490 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

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.