WSFS Financial Corporation (WSFS) Stock Rating Reaffirmed by Boenning Scattergood
WSFS Financial Corporation (NASDAQ:WSFS)‘s stock had its “buy” rating reaffirmed by analysts at Boenning Scattergood in a research report issued to clients and investors on Wednesday.
Several other research analysts also recently issued reports on WSFS. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 price objective on shares of WSFS Financial Corporation in a research note on Tuesday. BidaskClub downgraded WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.33.
WSFS Financial Corporation (NASDAQ:WSFS) opened at 49.40 on Wednesday. WSFS Financial Corporation has a 52 week low of $31.90 and a 52 week high of $52.15. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 22.61 and a beta of 1.22. The stock has a 50 day moving average of $47.50 and a 200 day moving average of $45.94.
WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). WSFS Financial Corporation had a net margin of 21.27% and a return on equity of 11.07%. The firm had revenue of $87.80 million during the quarter, compared to analyst estimates of $56.86 million. During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. Equities research analysts predict that WSFS Financial Corporation will post $2.56 earnings per share for the current fiscal year.
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In related news, EVP Peggy H. Eddens sold 8,580 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was 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 in the company, valued at $1,225,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the sale, the executive vice president now owns 48,288 shares in the company, valued at $2,166,199.68. The disclosure for this sale can be found here. Insiders sold 16,240 shares of company stock worth $723,172 over the last quarter. 4.89% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in WSFS Financial Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,582 shares of the bank’s stock valued at $480,000 after acquiring an additional 27 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in WSFS Financial Corporation by 1.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,520 shares of the bank’s stock valued at $341,000 after acquiring an additional 100 shares during the last quarter. Prudential Financial Inc. boosted its holdings in WSFS Financial Corporation by 0.9% in the second quarter. Prudential Financial Inc. now owns 17,153 shares of the bank’s stock valued at $778,000 after acquiring an additional 160 shares during the last quarter. SG Americas Securities LLC boosted its holdings in WSFS Financial Corporation by 1.7% in the second quarter. SG Americas Securities LLC now owns 12,783 shares of the bank’s stock valued at $580,000 after acquiring an additional 211 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in WSFS Financial Corporation by 0.3% in the second quarter. Stifel Financial Corp now owns 93,919 shares of the bank’s stock valued at $4,259,000 after acquiring an additional 242 shares during the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.
About WSFS Financial Corporation
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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