WSFS Financial (NASDAQ:WSFS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.
Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 target price on shares of WSFS Financial in a research note on Tuesday, October 24th. ValuEngine cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $51.33.
Shares of WSFS Financial (NASDAQ WSFS) opened at $49.10 on Friday. The firm has a market cap of $1,572.63, a PE ratio of 20.70, a P/E/G ratio of 1.99 and a beta of 1.24. WSFS Financial has a 52 week low of $42.45 and a 52 week high of $52.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06.
WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The business had revenue of $87.80 million during the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. equities analysts expect that WSFS Financial will post 2.51 EPS for the current year.
In other WSFS Financial news, EVP Patrick Joseph Ward sold 2,070 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.52, for a total transaction of $100,436.40. Following the sale, the executive vice president now directly owns 90,589 shares of the company’s stock, valued at $4,395,378.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP S James Mazarakis sold 1,868 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total transaction of $96,183.32. Following the sale, the executive vice president now directly owns 42,995 shares in the company, valued at $2,213,812.55. The disclosure for this sale can be found here. 4.89% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Alps Advisors Inc. grew its stake in WSFS Financial by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,582 shares of the bank’s stock worth $480,000 after buying an additional 27 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in WSFS Financial by 1.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,520 shares of the bank’s stock worth $341,000 after buying an additional 100 shares during the last quarter. Prudential Financial Inc. grew its stake in WSFS Financial by 0.9% during the second quarter. Prudential Financial Inc. now owns 17,153 shares of the bank’s stock worth $778,000 after buying an additional 160 shares during the last quarter. SG Americas Securities LLC grew its stake in WSFS Financial by 1.7% during the second quarter. SG Americas Securities LLC now owns 12,783 shares of the bank’s stock worth $580,000 after buying an additional 211 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in WSFS Financial by 0.3% during the second quarter. Stifel Financial Corp now owns 93,919 shares of the bank’s stock worth $4,259,000 after buying an additional 242 shares during the last quarter. 85.04% of the stock is currently owned by hedge funds and other institutional investors.
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About WSFS Financial
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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