Recent trading activity in WSFS Financial has seen multiple institutional investors buying and selling shares. Notable transactions include:
- Jupiter Asset Management acquired a new stake worth $1.25 million.
- Wedge Capital Management increased its holdings by 29.2%, now owning $3.87 million worth of shares.
- BNP Paribas Financial Markets raised its stake by 51.4%, totaling $1.36 million in value.
- Vanguard Group increased its stake by 5.3%, now valued at $331.25 million.
- Texas Permanent School Fund Corp raised its holdings by 1.0%, now worth $2.39 million.
Overall, 88.49% of the stock is owned by institutional investors.
Price Target Adjustments
Analysts have recently adjusted their price targets for WSFS Financial:
- Stephens: increased to $62.00 with an “overweight” rating.
- DA Davidson: increased to $68.00 with a “buy” rating.
- Keefe, Bruyette & Woods: increased to $61.00 with a “market perform” rating.
- Piper Sandler: increased to $55.00 with a “neutral” rating.
Stock Performance
As of Friday, WSFS stock opened at $51.97. Key metrics include:
- Market Cap: $3.12 billion
- PE Ratio: 11.60
- 52-week range: $33.12 – $58.59
For the last quarter, earnings per share were reported at $1.08, surpassing estimates. Revenue was $266 million, exceeding expectations as well. Analysts expect a total EPS of 4.31 this fiscal year.
Dividend Update
WSFS Financial declared a quarterly dividend of $0.15 per share, yielding 1.15%. The payout ratio is 13.39%.
Insider Activity
In a recent transaction, EVP Stephen P. Clark sold 12,663 shares for $715,712.76 but continues to hold 25,671 shares.
Company Overview
WSFS Financial operates as a savings and loan holding company with various banking services through WSFS Bank, Cash Connect, and Wealth Management.
Further Reading
- Five stocks we like better than WSFS Financial
- How to Evaluate a Stock Before Buying
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Canadian Penny Stocks: Can They Make You Rich?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- 3 Fintech Stocks With Good 2021 Prospects
- MarketBeat Week in Review – 10/14 – 10/18
To see what other hedge funds are holding WSFS, visit HoldingsChannel.com.
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