WSFS Financial Co. (NASDAQ:WSFS) EVP Stephen P. Clark Sells 12,663 Shares

WSFS Financial Co. (NASDAQ:WSFS) EVP Stephen P. Clark sold 12,663 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total transaction of $715,712.76. Following the completion of the sale, the executive vice president now owns 25,671 shares in the company, valued at $1,450,924.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

WSFS Financial Stock Down 4.1 %

Shares of WSFS Financial stock traded down $2.31 during trading hours on Thursday, reaching $54.18. 344,162 shares of the company were exchanged, compared to its average volume of 277,370. The firm has a market cap of $3.26 billion, a PE ratio of 12.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.86. WSFS Financial Co. has a 1 year low of $33.12 and a 1 year high of $58.59. The stock’s fifty day moving average is $47.71 and its 200 day moving average is $45.16.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $266.00 million for the quarter, compared to the consensus estimate of $254.48 million. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. WSFS Financial’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 EPS. As a group, equities research analysts forecast that WSFS Financial Co. will post 4.31 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. WSFS Financial’s dividend payout ratio is currently 13.39%.

Analyst Upgrades and Downgrades

WSFS has been the topic of several recent analyst reports. Stephens upped their price objective on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on WSFS Financial from $53.00 to $61.00 and gave the company a “market perform” rating in a research note on Monday. DA Davidson raised their target price on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a report on Monday. Finally, Piper Sandler lifted their target price on WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of WSFS Financial by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock worth $331,246,000 after purchasing an additional 372,402 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of WSFS Financial by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,757,216 shares of the bank’s stock worth $172,572,000 after acquiring an additional 77,589 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of WSFS Financial by 8.8% in the 4th quarter. Franklin Resources Inc. now owns 2,886,034 shares of the bank’s stock valued at $132,556,000 after acquiring an additional 232,508 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of WSFS Financial by 14.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,293,281 shares of the bank’s stock worth $58,379,000 after acquiring an additional 160,090 shares in the last quarter. Finally, Norges Bank purchased a new stake in WSFS Financial during the fourth quarter worth approximately $31,369,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

About WSFS Financial

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.