WSFS Financial Co. (NASDAQ:WSFS) Short Interest Update

WSFS Financial Co. (NASDAQ:WSFSGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,180,000 shares, an increase of 27.8% from the January 15th total of 923,000 shares. Based on an average daily trading volume, of 300,400 shares, the short-interest ratio is currently 3.9 days.

Insider Buying and Selling at WSFS Financial

In other news, EVP Patrick Joseph Ward sold 2,227 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.50, for a total transaction of $92,420.50. Following the completion of the transaction, the executive vice president now directly owns 139,186 shares of the company’s stock, valued at $5,776,219. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Patrick Joseph Ward sold 2,227 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.50, for a total value of $92,420.50. Following the completion of the transaction, the executive vice president now directly owns 139,186 shares of the company’s stock, valued at $5,776,219. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Donahue sold 3,148 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.30, for a total transaction of $126,864.40. Following the transaction, the director now directly owns 11,495 shares of the company’s stock, valued at approximately $463,248.50. The disclosure for this sale can be found here. Insiders sold a total of 21,367 shares of company stock worth $967,551 over the last three months. Company insiders own 1.29% of the company’s stock.

Hedge Funds Weigh In On WSFS Financial

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in WSFS Financial by 34.8% in the 1st quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock valued at $441,240,000 after buying an additional 2,442,621 shares during the period. Vanguard Group Inc. increased its stake in WSFS Financial by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock valued at $331,584,000 after purchasing an additional 992,425 shares in the last quarter. Norges Bank acquired a new position in WSFS Financial during the 4th quarter valued at approximately $31,369,000. State Street Corp increased its stake in WSFS Financial by 29.1% during the 1st quarter. State Street Corp now owns 2,878,509 shares of the bank’s stock valued at $134,196,000 after purchasing an additional 648,867 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of WSFS Financial by 69.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 980,353 shares of the bank’s stock valued at $45,704,000 after acquiring an additional 402,212 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Trading Up 1.0 %

Shares of WSFS Financial stock opened at $42.70 on Tuesday. The stock has a market capitalization of $2.59 billion, a PE ratio of 9.70 and a beta of 1.04. WSFS Financial has a 1-year low of $29.59 and a 1-year high of $51.77. The company’s fifty day simple moving average is $44.43 and its 200-day simple moving average is $40.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.82.

WSFS Financial (NASDAQ:WSFSGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. The company had revenue of $265.33 million for the quarter, compared to the consensus estimate of $247.56 million. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. WSFS Financial’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. As a group, equities analysts anticipate that WSFS Financial will post 4.18 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. WSFS Financial’s payout ratio is currently 13.64%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of WSFS Financial from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.75.

Get Our Latest Report on WSFS

About WSFS Financial

(Get Free Report)

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.

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