Shares of WSFS Financial Co. (NASDAQ:WSFS) have earned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $52.50.
Several analysts recently weighed in on WSFS shares. BidaskClub downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 target price on shares of WSFS Financial in a report on Tuesday, October 24th. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a report on Wednesday, October 25th. ValuEngine downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Zacks Investment Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a report on Wednesday, December 27th.
Shares of WSFS Financial (NASDAQ:WSFS) opened at $50.50 on Friday. WSFS Financial has a 1-year low of $42.45 and a 1-year 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. The firm has a market cap of $1,586.76, a P/E ratio of 20.78, a P/E/G ratio of 1.61 and a beta of 1.23.
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 Thomson Reuters’ consensus estimate of $0.65 by ($0.01). WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. The company had revenue of $87.80 million during the quarter, compared to analyst estimates of $56.86 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. equities analysts expect that WSFS Financial will post 2.51 earnings per share for the current fiscal year.
In other WSFS Financial news, EVP S James Mazarakis sold 1,868 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total value of $96,183.32. Following the completion of the transaction, the executive vice president now owns 42,995 shares in the company, valued at $2,213,812.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick Joseph Ward sold 2,070 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.52, for a total transaction of $100,436.40. Following the completion of the transaction, the executive vice president now owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The disclosure for this sale can be found here. Insiders own 4.89% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its position in shares of WSFS Financial by 10.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after purchasing an additional 256 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of WSFS Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after purchasing an additional 596 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of WSFS Financial by 601.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after purchasing an additional 3,434 shares during the last quarter. Brown Advisory Securities LLC purchased a new stake in shares of WSFS Financial during the 3rd quarter worth $234,000. Finally, Citadel Advisors LLC purchased a new stake in shares of WSFS Financial during the 3rd quarter worth $287,000. Institutional investors and hedge funds 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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