WSFS Financial Co. (NASDAQ:WSFS) – Stock analysts at Boenning Scattergood upped their FY2018 EPS estimates for WSFS Financial in a report released on Wednesday, Zacks Investment Research reports. Boenning Scattergood analyst M. Schultheis now anticipates that the bank will earn $3.27 per share for the year, up from their previous estimate of $2.77. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for WSFS Financial’s FY2019 earnings at $3.68 EPS.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The company had revenue of $87.80 million during the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. WSFS Financial’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS.
Several other equities analysts have also commented on the stock. BidaskClub lowered shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Zacks Investment Research lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 30th. ValuEngine lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of WSFS Financial in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.50.
WSFS Financial (WSFS) opened at $50.50 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial has a twelve month low of $42.45 and a twelve month high of $52.50. The company has a market cap of $1,586.76, a price-to-earnings ratio of 20.78, a PEG ratio of 1.61 and a beta of 1.23.
In related news, EVP S James Mazarakis sold 1,868 shares of WSFS Financial stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total transaction of $96,183.32. Following the completion of the transaction, the executive vice president now directly owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Patrick Joseph Ward sold 2,070 shares of WSFS Financial 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 transaction, the executive vice president now directly owns 90,589 shares of the company’s stock, valued at $4,395,378.28. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. raised its holdings in WSFS Financial by 10.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after buying an additional 256 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of WSFS Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after acquiring an additional 596 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of WSFS Financial by 601.4% in the second quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after acquiring an additional 3,434 shares during the period. Brown Advisory Securities LLC bought a new stake in shares of WSFS Financial in the third quarter worth approximately $234,000. Finally, Citadel Advisors LLC bought a new stake in shares of WSFS Financial in the third quarter worth approximately $287,000. 80.48% of the stock is owned by institutional investors and hedge funds.
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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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