WSFS Financial (NASDAQ:WSFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.
According to Zacks, “WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate, commercial and consumer lending services, as well as cash management services funding these activities primarily with retail deposits and borrowings. “
A number of other equities analysts have also weighed in on the company. BidaskClub upgraded WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 18th. ValuEngine cut WSFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods upgraded WSFS Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.67.
NASDAQ WSFS traded down $0.36 during trading on Friday, reaching $40.21. The company’s stock had a trading volume of 129,245 shares, compared to its average volume of 184,960. The firm has a market capitalization of $1.26 billion, a P/E ratio of 15.71, a P/E/G ratio of 0.92 and a beta of 1.11. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.68. WSFS Financial has a one year low of $33.75 and a one year high of $57.70.
WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, October 22nd. The bank reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $105.00 million for the quarter, compared to analyst estimates of $100.42 million. WSFS Financial had a return on equity of 14.12% and a net margin of 23.83%. As a group, research analysts anticipate that WSFS Financial will post 3.55 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Lenox Wealth Advisors LLC purchased a new position in shares of WSFS Financial in the 3rd quarter worth about $157,000. Capital Fund Management S.A. purchased a new stake in WSFS Financial during the 2nd quarter valued at about $208,000. Trexquant Investment LP purchased a new stake in WSFS Financial during the 3rd quarter valued at about $217,000. Jefferies Group LLC purchased a new stake in WSFS Financial during the 3rd quarter valued at about $299,000. Finally, Mycio Wealth Partners LLC purchased a new stake in WSFS Financial during the 3rd quarter valued at about $315,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.
About WSFS Financial
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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