WSFS Financial Co. (NASDAQ:WSFS) CFO Dominic C. Canuso bought 4,245 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were acquired at an average cost of $48.95 per share, for a total transaction of $207,792.75. Following the transaction, the chief financial officer now directly owns 3,447 shares in the company, valued at approximately $168,730.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ WSFS opened at $48.70 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.07. WSFS Financial Co. has a fifty-two week low of $42.45 and a fifty-two week high of $57.70. The stock has a market cap of $1.55 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, July 23rd. The bank reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08. The business had revenue of $95.98 million for the quarter, compared to analyst estimates of $93.63 million. WSFS Financial had a return on equity of 13.02% and a net margin of 20.57%. equities analysts forecast that WSFS Financial Co. will post 3.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.44 dividend on an annualized basis and a yield of 0.90%. WSFS Financial’s dividend payout ratio is presently 17.19%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Stephens reissued a “buy” rating and set a $58.00 target price on shares of WSFS Financial in a research report on Monday, August 13th. Sandler O’Neill reissued a “buy” rating and set a $63.00 target price on shares of WSFS Financial in a research report on Sunday, August 12th. BidaskClub lowered WSFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $59.67.
Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in WSFS Financial by 70.0% during the 1st quarter. Millennium Management LLC now owns 102,439 shares of the bank’s stock worth $4,907,000 after buying an additional 42,198 shares during the last quarter. Tower Bridge Advisors purchased a new position in WSFS Financial during the 2nd quarter worth approximately $213,000. Rothschild Asset Management Inc. grew its stake in WSFS Financial by 0.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 262,575 shares of the bank’s stock worth $13,995,000 after buying an additional 2,252 shares during the last quarter. Engineers Gate Manager LP purchased a new position in WSFS Financial during the 2nd quarter worth approximately $252,000. Finally, OppenheimerFunds Inc. grew its stake in WSFS Financial by 120.6% during the 1st quarter. OppenheimerFunds Inc. now owns 443,598 shares of the bank’s stock worth $21,249,000 after buying an additional 242,467 shares during the last quarter. Hedge funds and other institutional investors own 78.59% 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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