Stephen P. Clark Sells 3,000 Shares of WSFS Financial Co. (NASDAQ:WSFS) Stock

WSFS Financial Co. (NASDAQ:WSFS) EVP Stephen P. Clark sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $46.61, for a total value of $139,830.00. Following the completion of the transaction, the executive vice president now owns 25,671 shares in the company, valued at $1,196,525.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WSFS Financial Price Performance

Shares of WSFS stock traded up $0.39 during trading on Thursday, hitting $46.50. The company had a trading volume of 196,790 shares, compared to its average volume of 273,864. WSFS Financial Co. has a 52 week low of $29.59 and a 52 week high of $47.97. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.38 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average is $43.53 and its two-hundred day moving average is $42.46.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $251.10 million during the quarter, compared to the consensus estimate of $247.57 million. During the same period in the previous year, the firm posted $1.02 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts predict that WSFS Financial Co. will post 4.25 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.39%.

Institutional Investors Weigh In On WSFS Financial

A number of institutional investors have recently made changes to their positions in WSFS. Raymond James & Associates increased its holdings in shares of WSFS Financial by 0.9% in the third quarter. Raymond James & Associates now owns 96,007 shares of the bank’s stock worth $3,504,000 after buying an additional 841 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WSFS Financial by 15.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,450 shares of the bank’s stock valued at $454,000 after buying an additional 1,652 shares in the last quarter. Strs Ohio grew its stake in shares of WSFS Financial by 433.3% in the third quarter. Strs Ohio now owns 6,400 shares of the bank’s stock worth $233,000 after acquiring an additional 5,200 shares during the last quarter. Advisor Partners II LLC bought a new position in shares of WSFS Financial during the third quarter valued at $314,000. Finally, Teacher Retirement System of Texas raised its position in shares of WSFS Financial by 34.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,437 shares of the bank’s stock worth $454,000 after purchasing an additional 3,187 shares during the last quarter. Hedge funds and other institutional investors own 88.49% 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. 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.