WSFS Financial Corporation (NASDAQ:WSFS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the stock. Boenning Scattergood reaffirmed a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a report on Friday, July 28th. BidaskClub cut shares of WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 target price on shares of WSFS Financial Corporation in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. WSFS Financial Corporation presently has a consensus rating of “Hold” and an average price target of $51.33.

WSFS Financial Corporation (NASDAQ:WSFS) opened at $48.50 on Friday. The company has a market cap of $1,534.96, a price-to-earnings ratio of 20.21, a PEG ratio of 1.95 and a beta of 1.25. WSFS Financial Corporation has a 1-year low of $41.75 and a 1-year high of $52.15. 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 Corporation (NASDAQ:WSFS) last announced its earnings results on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $87.80 million during the quarter, compared to analyst estimates of $56.86 million. WSFS Financial Corporation had a net margin of 21.27% and a return on equity of 10.93%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. analysts predict that WSFS Financial Corporation will post 2.51 earnings per share for the current fiscal year.

In other WSFS Financial Corporation news, EVP S James Mazarakis sold 7,161 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 48,288 shares of the company’s stock, valued at approximately $2,166,199.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick Joseph Ward sold 2,070 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.52, for a total transaction of $100,436.40. Following the completion of the transaction, the executive vice president now directly owns 90,589 shares in the company, valued at $4,395,378.28. The disclosure for this sale can be found here. Insiders own 4.89% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in WSFS. UBS Asset Management Americas Inc. increased its stake in WSFS Financial Corporation by 41.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 7,112 shares of the bank’s stock valued at $327,000 after buying an additional 2,100 shares during the period. Teachers Advisors LLC increased its stake in WSFS Financial Corporation by 31.4% in the 1st quarter. Teachers Advisors LLC now owns 65,744 shares of the bank’s stock valued at $3,021,000 after buying an additional 15,714 shares during the period. Legal & General Group Plc increased its stake in WSFS Financial Corporation by 54.6% in the 1st quarter. Legal & General Group Plc now owns 10,836 shares of the bank’s stock valued at $498,000 after buying an additional 3,828 shares during the period. Vanguard Group Inc. increased its stake in WSFS Financial Corporation by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 1,247,277 shares of the bank’s stock valued at $57,312,000 after buying an additional 93,705 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in WSFS Financial Corporation by 5.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 119,024 shares of the bank’s stock valued at $5,470,000 after buying an additional 6,309 shares during the period. 78.28% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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