WSFS Financial Corporation (WSFS) Given Consensus Recommendation of “Hold” by Brokerages
WSFS Financial Corporation (NASDAQ:WSFS) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $52.50.
Several research firms have recently commented on WSFS. ValuEngine downgraded shares of WSFS Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial Corporation in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 price objective on shares of WSFS Financial Corporation in a report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
Shares of WSFS Financial Corporation (NASDAQ WSFS) opened at $48.50 on Friday. The company has a market cap of $1,520.00, a price-to-earnings ratio of 20.21, a PEG ratio of 1.95 and a beta of 1.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial Corporation has a twelve month low of $41.75 and a twelve month high of $52.15.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, November 6th. This is an increase from WSFS Financial Corporation’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 0.74%. WSFS Financial Corporation’s dividend payout ratio is 14.88%.
In related news, EVP S James Mazarakis sold 7,161 shares of the 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 sale, the executive vice president now directly owns 48,288 shares of the company’s stock, valued at $2,166,199.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $100,436.40. Following the sale, 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. Corporate insiders own 4.89% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its holdings in WSFS Financial Corporation by 10.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after buying an additional 256 shares in the last quarter. Victory Capital Management Inc. raised its position 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 during the period. BNP Paribas Arbitrage SA raised its position 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 during the period. Brown Advisory Securities LLC acquired a new position in WSFS Financial Corporation during the third quarter worth $234,000. Finally, Laurion Capital Management LP acquired a new position in WSFS Financial Corporation during the second quarter worth $274,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
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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