Insider Selling: WSFS Financial (NASDAQ:WSFS) EVP Sells $286,090.00 in Stock

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

WSFS Financial Trading Up 0.5%

WSFS stock opened at $80.20 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.84. The company’s 50-day simple moving average is $76.00 and its 200 day simple moving average is $69.60. WSFS Financial Corporation has a 52 week low of $49.92 and a 52 week high of $82.30. The company has a market capitalization of $4.17 billion, a PE ratio of 13.41 and a beta of 0.76.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $278.41 million. During the same period last year, the firm earned $1.27 earnings per share. WSFS Financial’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that WSFS Financial Corporation will post 6.51 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. Stockholders of record on Friday, August 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.38%.

Hedge Funds Weigh In On WSFS Financial

Several hedge funds have recently bought and sold shares of WSFS. Franklin Resources Inc. lifted its holdings in shares of WSFS Financial by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 2,465,792 shares of the bank’s stock worth $136,210,000 after acquiring an additional 32,423 shares during the period. Invesco Ltd. boosted its position in shares of WSFS Financial by 6.1% during the 4th quarter. Invesco Ltd. now owns 1,066,591 shares of the bank’s stock worth $58,918,000 after acquiring an additional 60,931 shares in the last quarter. Cooke & Bieler LP increased its stake in WSFS Financial by 2.3% in the fourth quarter. Cooke & Bieler LP now owns 1,055,902 shares of the bank’s stock valued at $58,328,000 after acquiring an additional 23,946 shares during the last quarter. Bank of America Corp DE increased its stake in WSFS Financial by 11.4% in the first quarter. Bank of America Corp DE now owns 737,587 shares of the bank’s stock valued at $48,282,000 after acquiring an additional 75,283 shares during the last quarter. Finally, Norges Bank acquired a new position in WSFS Financial during the fourth quarter valued at approximately $39,193,000. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a research report on Wednesday. Stephens reissued an “overweight” rating and set a $87.00 price target on shares of WSFS Financial in a research report on Monday, July 27th. UBS Group set a $76.00 price objective on WSFS Financial in a research note on Monday, April 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $80.00 price objective (up from $72.00) on shares of WSFS Financial in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WSFS Financial in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.64.

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.