WSFS Financial Corporation (WSFS) EVP S James Mazarakis Sells 7,161 Shares
WSFS Financial Corporation (NASDAQ:WSFS) EVP S James Mazarakis sold 7,161 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the sale, the executive vice president now owns 48,288 shares of the company’s stock, valued at approximately $2,166,199.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
S James Mazarakis also recently made the following trade(s):
- On Thursday, August 17th, S James Mazarakis sold 499 shares of WSFS Financial Corporation stock. The shares were sold at an average price of $43.93, for a total value of $21,921.07.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) traded down 3.11% during midday trading on Tuesday, reaching $43.60. The company’s stock had a trading volume of 213,087 shares. WSFS Financial Corporation has a 12 month low of $31.90 and a 12 month high of $50.55. The stock has a market capitalization of $1.37 billion, a P/E ratio of 19.95 and a beta of 1.20. The stock’s 50-day moving average is $44.73 and its 200 day moving average is $45.47.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. WSFS Financial Corporation had a return on equity of 10.44% and a net margin of 19.96%. The business had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $54.83 million. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, analysts expect that WSFS Financial Corporation will post $2.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. WSFS Financial Corporation’s dividend payout ratio is presently 12.73%.
Several hedge funds and other institutional investors have recently bought and sold shares of WSFS. Teachers Advisors LLC lifted its position in shares of WSFS Financial Corporation by 2.8% during the 4th quarter. Teachers Advisors LLC now owns 50,030 shares of the bank’s stock worth $2,319,000 after purchasing an additional 1,355 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of WSFS Financial Corporation by 11.3% during the 1st quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock worth $122,000 after purchasing an additional 270 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of WSFS Financial Corporation by 13.9% during the 1st quarter. Russell Investments Group Ltd. now owns 62,983 shares of the bank’s stock worth $2,894,000 after purchasing an additional 7,697 shares during the last quarter. Jennison Associates LLC lifted its position in shares of WSFS Financial Corporation by 54.7% during the 1st quarter. Jennison Associates LLC now owns 190,793 shares of the bank’s stock worth $8,767,000 after purchasing an additional 67,495 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of WSFS Financial Corporation during the 1st quarter worth about $208,000. 78.42% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the company. Boenning Scattergood restated a “buy” rating and set a $49.00 price objective on shares of WSFS Financial Corporation in a research note on Friday, July 28th. BidaskClub upgraded WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.75.
WSFS Financial Corporation Company Profile
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.
Receive News & Ratings for WSFS Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.