WSFS Financial (NASDAQ:WSFS) Director Sells $258,006.62 in Stock

WSFS Financial Corporation (NASDAQ:WSFS) Director Michael Donahue sold 3,247 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $79.46, for a total transaction of $258,006.62. Following the completion of the transaction, the director owned 11,495 shares in the company, valued at $913,392.70. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS opened at $79.73 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $79.53 and a 200-day moving average price of $73.15. The company 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 12 month low of $49.92 and a 12 month high of $82.94.

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. 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%.WSFS Financial’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. As a group, equities analysts anticipate that WSFS Financial Corporation will post 6.58 EPS for the current year.

WSFS Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

WSFS has been the topic of a number of research analyst reports. Stephens downgraded WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 target price on the stock. in a report on Wednesday, August 12th. Piper Sandler restated a “neutral” rating and issued a $90.00 target price (up from $80.00) on shares of WSFS Financial in a research note on Monday, August 3rd. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday, July 29th. DA Davidson set a $83.00 price objective on WSFS Financial and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods raised their price objective on WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.07.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew its stake in shares of WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after acquiring an additional 207 shares during the last quarter. NewEdge Advisors LLC bought a new position in WSFS Financial in the 4th quarter worth about $33,000. Allworth Financial LP bought a new position in WSFS Financial in the 2nd quarter worth about $47,000. Clearstead Advisors LLC grew its position in WSFS Financial by 167.5% during the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after purchasing an additional 489 shares during the last quarter. Finally, Quarry LP increased its stake in WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.