Shares of WSFS Financial Co. (NASDAQ:WSFS) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $60.00.
WSFS has been the topic of a number of research reports. BidaskClub lowered WSFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Zacks Investment Research raised WSFS Financial from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Thursday, July 26th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a report on Thursday, August 9th. Sandler O’Neill reaffirmed a “buy” rating and issued a $63.00 price objective on shares of WSFS Financial in a report on Sunday, August 12th. Finally, Stephens reaffirmed a “buy” rating and issued a $58.00 price objective on shares of WSFS Financial in a report on Monday, August 13th.
WSFS stock opened at $43.20 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.37 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. WSFS Financial has a 1-year low of $40.04 and a 1-year high of $57.70.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, October 22nd. The bank reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. WSFS Financial had a return on equity of 14.37% and a net margin of 23.83%. The firm had revenue of $105.00 million for the quarter, compared to analyst estimates of $100.42 million. Equities analysts forecast that WSFS Financial will post 3.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, November 5th. WSFS Financial’s dividend payout ratio is 17.19%.
In other news, EVP Richard Wright sold 3,096 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $50.36, for a total transaction of $155,914.56. Following the completion of the sale, the executive vice president now directly owns 45,265 shares in the company, valued at approximately $2,279,545.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark A. Turner sold 42,000 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $48.72, for a total value of $2,046,240.00. Following the sale, the chief executive officer now owns 153,738 shares of the company’s stock, valued at $7,490,115.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,791 shares of company stock worth $4,049,304. Insiders own 4.89% of the company’s stock.
Several large investors have recently added to or reduced their stakes in WSFS. Lenox Wealth Advisors LLC bought a new stake in shares of WSFS Financial during the 3rd quarter valued at $157,000. Capital Fund Management S.A. bought a new stake in shares of WSFS Financial during the 2nd quarter valued at $208,000. Tower Bridge Advisors bought a new stake in shares of WSFS Financial during the 2nd quarter valued at $213,000. Trexquant Investment LP bought a new stake in shares of WSFS Financial during the 3rd quarter valued at $217,000. Finally, Amalgamated Bank bought a new stake in shares of WSFS Financial during the 2nd quarter valued at $225,000. Hedge funds and other institutional investors own 78.90% of the company’s stock.
WSFS Financial Company Profile
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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