WSFS Financial (NASDAQ:WSFS) Hits New 12-Month High at $57.58

Shares of WSFS Financial Co. (NASDAQ:WSFS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $57.58 and last traded at $57.52, with a volume of 35085 shares trading hands. The stock had previously closed at $56.10.

Analysts Set New Price Targets

Separately, Piper Sandler increased their target price on shares of WSFS Financial from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd.

WSFS Financial Price Performance

The stock’s fifty day moving average price is $46.20 and its 200-day moving average price is $44.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 12.49 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. WSFS Financial had a net margin of 20.73% and a return on equity of 11.94%. The business had revenue of $251.10 million for the quarter, compared to analyst estimates of $247.57 million. During the same quarter in the previous year, the business earned $1.02 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that WSFS Financial Co. will post 4.25 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. WSFS Financial’s dividend payout ratio is currently 13.39%.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Stephen P. Clark sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total value of $139,830.00. Following the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,196,525.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.29% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC acquired a new position in WSFS Financial in the 2nd quarter valued at approximately $329,000. Wedge Capital Management L L P NC increased its stake in shares of WSFS Financial by 29.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock worth $3,871,000 after purchasing an additional 18,636 shares during the last quarter. Diversified Trust Co increased its stake in shares of WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock worth $535,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after purchasing an additional 295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of WSFS Financial by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock worth $9,119,000 after purchasing an additional 53,292 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

About WSFS Financial

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.