BidaskClub upgraded shares of WSFS Financial (NASDAQ:WSFS) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.
A number of other brokerages also recently commented on WSFS. Keefe, Bruyette & Woods reiterated a hold rating and set a $50.00 price objective on shares of WSFS Financial in a research report on Tuesday, October 24th. Boenning Scattergood reiterated a buy rating on shares of WSFS Financial in a research report on Wednesday, October 25th. ValuEngine downgraded WSFS Financial from a buy rating to a hold rating in a research report on Saturday, November 25th. Zacks Investment Research upgraded WSFS Financial from a hold rating to a strong-buy rating and set a $56.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Sandler O’Neill reiterated a buy rating and set a $57.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $56.00.
WSFS Financial (NASDAQ WSFS) traded up $0.10 on Thursday, reaching $49.15. The company’s stock had a trading volume of 52,200 shares, compared to its average volume of 96,562. The firm has a market capitalization of $1,541.05, a P/E ratio of 26.57, a price-to-earnings-growth 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 released its earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. research analysts predict that WSFS Financial will post 3.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. WSFS Financial’s dividend payout ratio (DPR) is presently 19.46%.
In other news, EVP Patrick Joseph Ward sold 2,070 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.52, for a total value of $100,436.40. Following the completion of the sale, the executive vice president now owns 90,589 shares in the company, valued at $4,395,378.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP S James Mazarakis sold 1,868 shares of the 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 sale, the executive vice president now 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. 4.89% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of WSFS Financial by 10.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock valued at $120,000 after purchasing an additional 256 shares in the last quarter. Brown Advisory Securities LLC purchased a new stake in shares of WSFS Financial in the third quarter valued at $234,000. Victory Capital Management Inc. lifted its holdings in shares of WSFS Financial by 25.3% in the third quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock valued at $243,000 after purchasing an additional 1,007 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of WSFS Financial in the third quarter valued at $287,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of WSFS Financial in the third quarter valued at $410,000. Institutional investors own 80.10% 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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