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

WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) EVP Stephen P. Clark sold 3,000 shares of the stock in a transaction dated 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 directly owns 25,671 shares in the company, valued at approximately $1,196,525.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

WSFS Financial Stock Performance

WSFS Financial stock traded up $0.24 during trading hours on Thursday, reaching $46.50. 196,790 shares of the company were exchanged, compared to its average volume of 273,864. WSFS Financial Co. has a 12 month low of $29.59 and a 12 month high of $47.97. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $43.61 and a 200 day moving average of $42.49. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 10.38 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $251.10 million during the quarter, compared to the consensus estimate of $247.57 million. WSFS Financial had a net margin of 20.73% and a return on equity of 11.94%. WSFS Financial's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 EPS. As a group, research analysts anticipate that WSFS Financial Co. will post 4.25 earnings per share for the current year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. WSFS Financial's payout ratio is 13.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WSFS. ProShare Advisors LLC grew its holdings in shares of WSFS Financial by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 12,182 shares of the bank's stock worth $550,000 after purchasing an additional 693 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of WSFS Financial during the first quarter worth approximately $298,000. Texas Permanent School Fund Corp raised its holdings in shares of WSFS Financial by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank's stock valued at $2,392,000 after buying an additional 518 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in WSFS Financial during the 1st quarter worth about $45,000. Finally, BNP Paribas Financial Markets grew its holdings in WSFS Financial by 51.4% during the 1st quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank's stock worth $1,361,000 after acquiring an additional 10,234 shares during the last quarter. 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.