WSFS Financial (NASDAQ:WSFS) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
A number of other brokerages have also issued reports on WSFS. Merion Capital Group upped their price objective on shares of WSFS Financial from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of WSFS Financial in a report on Wednesday, January 24th. DA Davidson upped their price objective on shares of WSFS Financial to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Sandler O’Neill reissued a “buy” rating and issued a $57.00 price objective on shares of WSFS Financial in a report on Tuesday, January 23rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.00.
Shares of WSFS Financial (NASDAQ WSFS) opened at $49.45 on Thursday. The company has a market cap of $1,544.19, a PE ratio of 19.13, a PEG ratio of 1.23 and a beta of 1.22. 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 has a 12-month low of $42.45 and a 12-month high of $53.00.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The business had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. sell-side analysts anticipate that WSFS Financial will post 3.33 EPS for the current fiscal year.
In other WSFS Financial news, EVP Patrick Joseph Ward sold 2,070 shares of the 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 completion of the transaction, the executive vice president now 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 SEC, which is available at 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 transaction of $96,183.32. Following 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 disclosure for this sale can be found here. Corporate insiders own 4.89% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its stake in WSFS Financial by 10.7% during 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 period. Parametric Portfolio Associates LLC boosted its stake in WSFS Financial by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 58,659 shares of the bank’s stock worth $2,660,000 after buying an additional 488 shares during the period. Victory Capital Management Inc. boosted its stake in WSFS Financial by 25.3% during the third quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock worth $243,000 after buying an additional 1,007 shares during the period. Jennison Associates LLC boosted its stake in WSFS Financial by 0.5% during the third quarter. Jennison Associates LLC now owns 193,605 shares of the bank’s stock worth $9,438,000 after buying an additional 1,027 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in WSFS Financial by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 32,366 shares of the bank’s stock worth $1,578,000 after buying an additional 1,193 shares during the period. 80.10% of the stock is owned by institutional investors.
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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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