WSFS Financial Co. (NASDAQ:WSFS) EVP Paul D. Geraghty sold 14,694 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $49.62, for a total transaction of $729,116.28. Following the completion of the transaction, the executive vice president now owns 22,743 shares in the company, valued at $1,128,507.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:WSFS traded down $0.80 during trading hours on Monday, hitting $47.10. The stock had a trading volume of 58,589 shares, compared to its average volume of 86,872. WSFS Financial Co. has a one year low of $42.45 and a one year high of $53.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $1,504.29, a PE ratio of 18.36, a PEG ratio of 1.20 and a beta of 1.24.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The firm had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. sell-side analysts forecast that WSFS Financial Co. will post 3.33 earnings per share for the current year.
Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its stake 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 purchasing an additional 256 shares in the last quarter. Brown Advisory Securities LLC bought a new stake in shares of WSFS Financial during the third quarter worth $234,000. Victory Capital Management Inc. increased its position in shares of WSFS Financial by 25.3% during the third quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock worth $243,000 after acquiring an additional 1,007 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of WSFS Financial during the fourth quarter worth $265,000. Finally, Citadel Advisors LLC bought a new stake in shares of WSFS Financial during the third quarter worth $287,000. 80.07% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the stock. Merion Capital Group increased their price objective on shares of WSFS Financial from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, January 26th. BidaskClub upgraded shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, February 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 price objective on shares of WSFS Financial in a report on Wednesday, January 24th. DA Davidson increased their price objective on shares of WSFS Financial to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill restated a “buy” rating and issued a $57.00 price objective on shares of WSFS Financial in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $56.17.
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.
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.