The stock is trading at $50.25 just a bit higher than $47.45, the stock’s 50 day moving average and marginally over the 200 day moving average of $45.92. The 50 day moving average went up $2.80 or +5.90% and the 200 day average was up $4.33. (NASDAQ:WSFS) shares saw light trading volume with 1,587 shares changing hands on Tuesday. Overall, volume was down 98.47% under the stocks normal daily volume.
Traders are more bullish on shares of WSFS Financial Corporation if you put credence in the downtick in short interest. The firm saw a fall in short interest from September 15, 2017 to September 29, 2017 of -5.94%. Short interest fell 47,664 over that period. The days to cover decreased to 7.0 and the percentage of shorted shares is 0.02% as of September 29.
There has been some selling insider activity on WSFS Financial Corporation (NASDAQ:WSFS) recently. Stephen P. Clark, EVP disclosed the sale of 9,243 shares. The shares were sold on September 5th for an average price of $43.69. The EVP now owns $397,492 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (WSFS). As of quarter end Alphaone Investment Services, LLC had sold 2,016 shares trimming its holdings by 1.9%. The value of the company’s investment in WSFS Financial Corporation decreased from $4,990,000 to $4,834,000 a change of $156,000 quarter over quarter. As of the end of the quarter Nuveen Asset Management, LLC had acquired a total of 119,105 shares growing its stake by 28.4%. The value of the investment in WSFS went from $19,243,000 to $24,393,000 a change of 26.8% quarter to quarter.
William Blair Investment Management, LLC reduced its holdings by shedding 3,543 shares a decrease of 0.6% in the quarter. William Blair Investment Management, LLC now holds 571,824 shares worth $25,932,000. The total value of its holdings decreased 1.9%. Mycio Wealth Partners, LLC bolstered its position by buying 10 shares an increase of 0.1% as of 09/30/2017. Mycio Wealth Partners, LLC claims 12,713 shares valued at $620,000. The value of the position overall is up by 7.6%.
The company is so far trading unchanged by % percent from yesterday’s close. WSFS Financial Corporation announced a dividend that was paid on Friday the 25th of August 2017. The dividend was $0.070 per share for the quarter or $0.28 on an annualized basis. The dividend yield was $0.54. The ex-dividend date was set for Wednesday the 9th of August 2017.
The most current P/E ratio is 23.00 and the market cap is 1.58B. In the latest earnings report the EPS was $2.18 and is expected to be $2.56 for the current year with 31,418,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.68 with next year’s EPS projected to be $2.97.
WSFS Financial Corporation, launched on March 21, 1988, is a savings and loan holding company. The Business’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. The Company operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The Business’s banking business is commercial lending funded by customer-generated deposits. It also offers a range of consumer loan products, retail securities and insurance brokerage services through its retail branches and mortgage and title services through those branches and through Pennsylvania-based WSFS Mortgage/Array Financial. WSFS Mortgage/Array Financial is a mortgage banking company, and an abstract and title company specializing in a range of residential mortgage and refinancing solutions. Its subsidiaries include WSFS Wealth Investments, 1832 Holdings, Inc., Monarch and West Capital Management..