Recent trading activity shows that various hedge funds and institutional investors have made moves in WSFS Financial’s stock. Jupiter Asset Management bought a new position worth $1,253,000 in Q1. Wedge Capital increased its shares by 29.2%, owning 82,371 shares valued at $3,871,000 after adding 18,636 shares. BNP Paribas raised its shares by 51.4% in Q1, now holding 30,156 shares worth $1,361,000. Vanguard increased its stake by 5.3%, now owning 7,338,200 shares valued at $331.25 million. Texas Permanent School Fund also raised its holdings by 1%, owning 52,982 shares valued at $2,392,000. Overall, 88.49% of the shares are owned by institutional investors.
New Price Targets
Analysts have updated their price targets for WSFS Financial:
- Stephens: increased from $54 to $62, rating ‘overweight’
- DA Davidson: increased from $59 to $68, rating ‘buy’
- Keefe, Bruyette & Woods: increased from $53 to $61, rating ‘market perform’
- Piper Sandler: increased from $48 to $55, rating ‘neutral’
Price Performance
WSFS stock opened at $51.97, with a 50-day average of $51.43 and a 200-day average of $48.33. The market cap is $3.12 billion, with a price-to-earnings ratio of 11.60. The stock has ranged from a low of $33.12 to a high of $58.59 over the past year. Recent earnings reported on July 25 showed $1.08 per share, exceeding expectations and marking a 7% revenue increase from last year.
Dividend Announcement
A quarterly dividend of $0.15 per share was declared, payable on August 23 to shareholders as of August 9. This gives an annualized yield of 1.15% and a payout ratio of 13.39%.
Insider Selling
Executive VP Stephen P. Clark sold 12,663 shares at an average price of $56.52 on July 30, totaling over $715,000. He now holds 25,671 shares valued at $1.45 million. Insiders currently own 1.29% of the stock.
About WSFS Financial
WSFS Financial Corporation operates as a savings and loan holding company offering various banking services in the U.S., including deposit products and wealth management.
Further Reading
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- MarketBeat Week in Review – 10/14 – 10/18
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