WSFS Financial Co. (NASDAQ:WSFS) Director Mark A. Turner sold 124,177 shares of WSFS Financial stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $41.31, for a total transaction of $5,129,751.87. Following the completion of the transaction, the director now directly owns 161,779 shares of the company’s stock, valued at approximately $6,683,090.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of WSFS stock traded down $0.16 on Friday, reaching $41.71. 50,520 shares of the company were exchanged, compared to its average volume of 171,737. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.94 and a beta of 1.12. WSFS Financial Co. has a 1 year low of $33.75 and a 1 year high of $50.03. The business has a 50-day moving average price of $41.31 and a 200 day moving average price of $41.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $166.10 million for the quarter, compared to analyst estimates of $157.52 million. WSFS Financial had a net margin of 21.06% and a return on equity of 10.98%. As a group, equities analysts anticipate that WSFS Financial Co. will post 3.63 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Boenning Scattergood reaffirmed an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th. Zacks Investment Research cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, August 30th. BidaskClub raised shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, Piper Jaffray Companies assumed coverage on shares of WSFS Financial in a report on Monday, July 15th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $49.38.
A number of large investors have recently bought and sold shares of the business. Toronto Dominion Bank purchased a new stake in shares of WSFS Financial in the 2nd quarter valued at approximately $27,000. Strs Ohio grew its position in shares of WSFS Financial by 120.0% in the 2nd quarter. Strs Ohio now owns 1,100 shares of the bank’s stock valued at $45,000 after buying an additional 600 shares during the last quarter. Kavar Capital Partners LLC purchased a new position in shares of WSFS Financial in the 2nd quarter valued at $55,000. Tower Research Capital LLC TRC grew its position in shares of WSFS Financial by 4,154.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the bank’s stock valued at $90,000 after buying an additional 2,119 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WSFS Financial by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,894 shares of the bank’s stock valued at $112,000 after buying an additional 444 shares during the last quarter. Institutional investors own 79.41% of the company’s stock.
WSFS Financial Company Profile
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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