Mark A. Turner Sells 300 Shares of WSFS Financial Co. (WSFS) Stock

WSFS Financial Co. (NASDAQ:WSFS) Director Mark A. Turner sold 300 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $42.50, for a total value of $12,750.00. Following the transaction, the director now directly owns 140,633 shares of the company’s stock, valued at approximately $5,976,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

WSFS opened at $42.56 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.33 billion, a PE ratio of 11.99, a P/E/G ratio of 0.97 and a beta of 1.12. WSFS Financial Co. has a 1 year low of $33.75 and a 1 year high of $57.70.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $102.86 million during the quarter, compared to analyst estimates of $98.34 million. WSFS Financial had a return on equity of 14.60% and a net margin of 29.58%. Sell-side analysts forecast that WSFS Financial Co. will post 3.63 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. Zacks Investment Research raised WSFS Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. BidaskClub raised WSFS Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. Stephens set a $51.00 price objective on WSFS Financial and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. WSFS Financial has a consensus rating of “Hold” and a consensus target price of $58.67.

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of WSFS Financial by 6.3% in the 3rd quarter. AQR Capital Management LLC now owns 22,809 shares of the bank’s stock worth $1,075,000 after purchasing an additional 1,355 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of WSFS Financial by 5.4% in the 4th quarter. New York State Common Retirement Fund now owns 216,765 shares of the bank’s stock worth $8,218,000 after purchasing an additional 11,138 shares during the last quarter. Bank of America Corp DE raised its position in shares of WSFS Financial by 7.7% in the 4th quarter. Bank of America Corp DE now owns 158,475 shares of the bank’s stock worth $6,007,000 after purchasing an additional 11,326 shares during the last quarter. Rothschild & Co. Asset Management US Inc. raised its position in shares of WSFS Financial by 4.8% in the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 257,045 shares of the bank’s stock worth $9,745,000 after purchasing an additional 11,747 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of WSFS Financial by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after purchasing an additional 14,763 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/mark-a-turner-sells-300-shares-of-wsfs-financial-co-wsfs-stock.html.

About WSFS Financial

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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

Further Reading: Google Finance Portfolio

Insider Buying and Selling by Quarter for WSFS Financial (NASDAQ:WSFS)

Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.