WSFS Financial Corporation (WSFS) Given Consensus Rating of “Hold” by Brokerages
WSFS Financial Corporation (NASDAQ:WSFS) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $52.00.
A number of equities research analysts have recently commented on WSFS shares. BidaskClub lowered shares of WSFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Boenning Scattergood reaffirmed a “buy” rating and issued a $49.00 price objective on shares of WSFS Financial Corporation in a research note on Friday, July 28th.
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Shares of WSFS Financial Corporation (NASDAQ WSFS) traded down 0.90% during trading on Friday, hitting $44.20. 253,366 shares of the stock were exchanged. WSFS Financial Corporation has a 52 week low of $31.90 and a 52 week high of $50.55. The firm’s 50 day moving average price is $44.32 and its 200-day moving average price is $45.33. The stock has a market cap of $1.39 billion, a P/E ratio of 20.23 and a beta of 1.20.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The company had revenue of $54.31 million for the quarter, compared to analyst estimates of $54.83 million. During the same period in the prior year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that WSFS Financial Corporation will post $2.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, August 9th. WSFS Financial Corporation’s dividend payout ratio is currently 12.73%.
In other news, EVP Peggy H. Eddens sold 8,580 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total value of $380,008.20. Following the sale, the executive vice president now directly owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $44.86, for a total transaction of $321,242.46. Following the completion of the sale, the executive vice president now directly owns 48,288 shares in the company, valued at $2,166,199.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,240 shares of company stock worth $723,172. Insiders own 4.89% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in WSFS Financial Corporation during the first quarter worth $110,000. Oppenheimer Asset Management Inc. bought a new position in WSFS Financial Corporation during the first quarter worth $145,000. US Bancorp DE boosted its stake in WSFS Financial Corporation by 12.7% during the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after acquiring an additional 371 shares in the last quarter. Victory Capital Management Inc. boosted its stake in WSFS Financial Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after acquiring an additional 596 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in WSFS Financial Corporation by 601.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after acquiring an additional 3,434 shares in the last quarter. 78.42% of the stock is currently owned by institutional investors and hedge funds.
WSFS Financial Corporation 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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