WSFS Financial Co. (WSFS) Receives Average Recommendation of “Hold” from Analysts

WSFS Financial Co. (NASDAQ:WSFS) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $57.75.

Several research analysts have weighed in on WSFS shares. Merion Capital Group lifted their target price on WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. BidaskClub lowered WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. ValuEngine downgraded WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Sandler O’Neill reissued a “buy” rating and issued a $57.00 price target on shares of WSFS Financial in a research note on Tuesday, January 23rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th.

WSFS Financial (NASDAQ:WSFS) opened at $48.95 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $1,539.48, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22. WSFS Financial has a twelve month low of $42.45 and a twelve month high of $53.00.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The firm had revenue of $89.90 million for the quarter, compared to analyst estimates of $57.89 million. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. equities analysts predict that WSFS Financial will post 3.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 7th. WSFS Financial’s dividend payout ratio is 19.46%.

In other WSFS Financial news, EVP Patrick Joseph Ward sold 2,070 shares of WSFS Financial stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.52, for a total value of $100,436.40. Following the sale, the executive vice president now owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP S James Mazarakis sold 1,868 shares of WSFS Financial stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total value of $96,183.32. Following the completion of the sale, the executive vice president now directly owns 42,995 shares in the company, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of WSFS Financial by 14.7% in the second quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock valued at $2,441,000 after acquiring an additional 6,905 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of WSFS Financial by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,242,570 shares of the bank’s stock valued at $60,575,000 after acquiring an additional 36,426 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of WSFS Financial by 60.6% in the second quarter. Principal Financial Group Inc. now owns 19,505 shares of the bank’s stock valued at $884,000 after acquiring an additional 7,362 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of WSFS Financial by 116.9% in the second quarter. Susquehanna International Group LLP now owns 51,546 shares of the bank’s stock valued at $2,338,000 after acquiring an additional 27,786 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its position in shares of WSFS Financial by 27.6% in the third quarter. Chatham Capital Group Inc. now owns 29,830 shares of the bank’s stock valued at $1,454,000 after acquiring an additional 6,450 shares during the last quarter. 80.21% of the stock is currently owned by institutional investors and hedge funds.

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About WSFS Financial

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.

Analyst Recommendations for WSFS Financial (NASDAQ:WSFS)

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