Zacks: WSFS Financial Corp. (WSFS) Receives Average Rating of “Strong Buy” from Brokerages
Shares of WSFS Financial Corp. (NASDAQ:WSFS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. WSFS Financial Corp.’s rating score has improved by 50% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $38.00 for the company and are predicting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also given WSFS Financial Corp. an industry rank of 103 out of 265 based on the ratings given to its competitors.
WSFS has been the topic of several research analyst reports. Stephens initiated coverage on WSFS Financial Corp. in a research note on Friday, September 23rd. They issued an “equal weight” rating on the stock. Zacks Investment Research cut WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Finally, Keefe, Bruyette & Woods increased their target price on WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, August 1st.
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WSFS Financial Corp. (NASDAQ:WSFS) traded up 0.28% during midday trading on Tuesday, hitting $35.92. 30,839 shares of the stock traded hands. The firm’s 50 day moving average is $36.78 and its 200-day moving average is $35.10. WSFS Financial Corp. has a 12-month low of $26.40 and a 12-month high of $39.31. The stock has a market capitalization of $1.06 billion, a PE ratio of 17.34 and a beta of 1.36.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. WSFS Financial Corp. had a return on equity of 11.78% and a net margin of 21.20%. The company had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $46.64 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. WSFS Financial Corp.’s revenue was up 18.7% compared to the same quarter last year. On average, analysts anticipate that WSFS Financial Corp. will post $2.20 EPS for the current fiscal year.
In other news, EVP Stephen P. Clark sold 7,269 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total value of $261,902.07. Following the completion of the sale, the executive vice president now owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.17% of the company’s stock.
Several hedge funds have recently bought and sold shares of WSFS. Emerald Acquisition Ltd. acquired a new stake in WSFS Financial Corp. during the second quarter worth $2,355,000. Rothschild Asset Management Inc. boosted its stake in WSFS Financial Corp. by 3.8% in the second quarter. Rothschild Asset Management Inc. now owns 286,506 shares of the company’s stock worth $9,223,000 after buying an additional 10,358 shares during the last quarter. Societe Generale acquired a new stake in WSFS Financial Corp. during the second quarter worth $109,000. Aberdeen Asset Management PLC UK boosted its stake in WSFS Financial Corp. by 48.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 701,736 shares of the company’s stock worth $22,588,000 after buying an additional 229,167 shares during the last quarter. Finally, Chatham Capital Group Inc. acquired a new stake in WSFS Financial Corp. during the second quarter worth $400,000. 77.29% of the stock is owned by hedge funds and other institutional investors.
WSFS Financial Corp. 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. The Company 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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