WSFS Financial Co. (NASDAQ:WSFS) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $52.50.
A number of research firms recently commented on WSFS. BidaskClub lowered WSFS Financial from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. ValuEngine lowered WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 target price on shares of WSFS Financial in a research report on Tuesday, October 24th.
Shares of WSFS Financial (WSFS) opened at $49.05 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1,540.00, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.96 and a beta of 1.24. WSFS Financial has a 52 week low of $42.45 and a 52 week high of $52.50.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $56.86 million. WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. research analysts expect that WSFS Financial will post 2.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, November 6th. This is an increase from WSFS Financial’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.73%. WSFS Financial’s dividend payout ratio is 14.88%.
In related news, EVP Patrick Joseph Ward sold 2,070 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.52, for a total transaction of $100,436.40. Following the transaction, the executive vice president now directly owns 90,589 shares in the company, valued at $4,395,378.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP S James Mazarakis sold 1,868 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total value of $96,183.32. Following the transaction, the executive vice president now owns 42,995 shares in the company, valued at $2,213,812.55. The disclosure for this sale can be found here. Corporate insiders own 4.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position 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 period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of WSFS Financial by 1.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,520 shares of the bank’s stock worth $341,000 after purchasing an additional 100 shares during the period. Prudential Financial Inc. raised its holdings in shares of WSFS Financial by 0.9% in the 2nd quarter. Prudential Financial Inc. now owns 17,153 shares of the bank’s stock worth $778,000 after purchasing an additional 160 shares during the period. SG Americas Securities LLC raised its holdings in shares of WSFS Financial by 1.7% in the 2nd quarter. SG Americas Securities LLC now owns 12,783 shares of the bank’s stock worth $580,000 after purchasing an additional 211 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of WSFS Financial by 0.3% in the 2nd quarter. Stifel Financial Corp now owns 93,919 shares of the bank’s stock worth $4,259,000 after purchasing an additional 242 shares during the period. Hedge funds and other institutional investors own 80.48% of the company’s stock.
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WSFS Financial Company Profile
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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