WSFS Financial Co. (NASDAQ:WSFS) was the target of a significant increase in short interest during the month of April. As of April 28th, there was short interest totalling 530,328 shares, an increase of 6.8% from the April 13th total of 496,606 shares. Based on an average daily trading volume, of 141,237 shares, the short-interest ratio is currently 3.8 days.
Shares of WSFS Financial (NASDAQ WSFS) opened at 47.05 on Friday. The firm’s 50 day moving average is $45.74 and its 200-day moving average is $45.45. The firm has a market capitalization of $1.48 billion, a PE ratio of 22.07 and a beta of 1.22. WSFS Financial has a one year low of $30.56 and a one year high of $50.55.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $81.20 million for the quarter, compared to analyst estimates of $80.53 million. WSFS Financial had a return on equity of 10.92% and a net margin of 23.32%. During the same period last year, the firm posted $0.53 earnings per share. On average, equities research analysts predict that WSFS Financial will post $2.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were given a $0.07 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $0.28 annualized dividend and a yield of 0.60%. WSFS Financial’s dividend payout ratio is presently 13.53%.
In other WSFS Financial news, EVP Paul S. Greenplate sold 7,056 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $46.28, for a total transaction of $326,551.68. Following the completion of the sale, the executive vice president now directly owns 10,535 shares in the company, valued at $487,559.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP S James Mazarakis sold 4,038 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $44.95, for a total transaction of $181,508.10. Following the sale, the executive vice president now owns 42,639 shares of the company’s stock, valued at $1,916,623.05. The disclosure for this sale can be found here. In the last three months, insiders sold 18,557 shares of company stock valued at $843,747. Company insiders own 4.17% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WSFS. State Street Corp increased its position in WSFS Financial by 6.0% in the fourth quarter. State Street Corp now owns 531,466 shares of the bank’s stock valued at $24,635,000 after buying an additional 30,036 shares in the last quarter. Comerica Bank increased its position in WSFS Financial by 232.6% in the fourth quarter. Comerica Bank now owns 46,102 shares of the bank’s stock valued at $2,088,000 after buying an additional 32,239 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in WSFS Financial by 24.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,193,790 shares of the bank’s stock valued at $55,332,000 after buying an additional 231,905 shares in the last quarter. Dimensional Fund Advisors LP increased its position in WSFS Financial by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,149 shares of the bank’s stock valued at $53,866,000 after buying an additional 62,374 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in WSFS Financial during the first quarter valued at approximately $7,887,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Keefe, Bruyette & Woods downgraded shares of WSFS Financial from an “outperform” rating to a “mkt perform” rating in a research note on Tuesday, May 2nd. Finally, DA Davidson initiated coverage on shares of WSFS Financial in a report on Monday, March 6th. They set a “buy” rating and a $55.00 target price on the stock.
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About WSFS Financial
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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