WSFS Financial Co. (NASDAQ:WSFS) announced a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, May 12th will be paid a dividend of 0.07 per share by the bank on Friday, May 26th. This represents a $0.28 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, May 10th.
Shares of WSFS Financial (NASDAQ WSFS) remained flat at $44.75 during mid-day trading on Friday. 109,276 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $45.91 and its 200 day moving average price is $45.27. WSFS Financial has a 12-month low of $30.56 and a 12-month high of $50.55. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 20.99 and a beta of 1.22.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $81.20 million for the quarter, compared to analyst estimates of $80.53 million. WSFS Financial had a net margin of 20.09% and a return on equity of 10.42%. During the same period in the previous year, the company earned $0.53 earnings per share. Equities research analysts forecast that WSFS Financial will post $2.59 EPS for the current year.
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WSFS has been the topic of a number of research analyst reports. 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 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $50.00 price target on shares of WSFS Financial in a report on Wednesday, April 5th. Finally, Zacks Investment Research raised shares of WSFS Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Wednesday, May 3rd.
In other WSFS Financial news, EVP S James Mazarakis sold 8,743 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $45.90, for a total value of $401,303.70. Following the sale, the executive vice president now directly owns 48,400 shares of the company’s stock, valued at $2,221,560. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Richard Wright sold 2,061 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $45.20, for a total transaction of $93,157.20. Following the completion of the sale, the executive vice president now directly owns 46,001 shares in the company, valued at $2,079,245.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,394 shares of company stock worth $790,268. 4.17% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in WSFS Financial stock. Teachers Advisors LLC boosted its position in WSFS Financial Co. (NASDAQ:WSFS) by 31.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,744 shares of the bank’s stock after buying an additional 15,714 shares during the period. Teachers Advisors LLC owned approximately 0.21% of WSFS Financial worth $3,021,000 as of its most recent SEC filing. Institutional investors and hedge funds own 74.06% of the company’s stock.
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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