WSFS Financial Co. (NASDAQ:WSFS) has earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.00.
A number of research firms recently commented on WSFS. BidaskClub upgraded WSFS Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Stephens reiterated a “buy” rating and issued a $58.00 price objective on shares of WSFS Financial in a report on Monday, August 13th. Zacks Investment Research upgraded WSFS Financial from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Thursday, July 26th. ValuEngine downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $63.00 price objective on shares of WSFS Financial in a report on Sunday, August 12th.
In related news, CEO Mark A. Turner sold 58,823 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $53.05, for a total value of $3,120,560.15. Following the completion of the sale, the chief executive officer now owns 136,436 shares in the company, valued at $7,237,929.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark A. Turner sold 4,768 shares of the company’s stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $56.21, for a total value of $268,009.28. Following the completion of the sale, the chief executive officer now owns 147,753 shares of the company’s stock, valued at approximately $8,305,196.13. The disclosure for this sale can be found here. Insiders sold 161,205 shares of company stock valued at $8,204,497 in the last quarter. 4.89% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. increased its holdings in shares of WSFS Financial by 9.1% in the second quarter. Macquarie Group Ltd. now owns 1,063,000 shares of the bank’s stock worth $56,658,000 after acquiring an additional 88,373 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of WSFS Financial in the second quarter worth about $252,000. Millennium Management LLC increased its holdings in shares of WSFS Financial by 70.0% in the first quarter. Millennium Management LLC now owns 102,439 shares of the bank’s stock worth $4,907,000 after acquiring an additional 42,198 shares in the last quarter. Tower Bridge Advisors bought a new stake in shares of WSFS Financial in the second quarter worth about $213,000. Finally, OppenheimerFunds Inc. increased its holdings in shares of WSFS Financial by 27.2% in the second quarter. OppenheimerFunds Inc. now owns 564,319 shares of the bank’s stock worth $30,078,000 after acquiring an additional 120,721 shares in the last quarter. Institutional investors own 78.59% of the company’s stock.
WSFS stock opened at $44.86 on Tuesday. The firm has a market cap of $1.44 billion, a PE ratio of 17.52, a PEG ratio of 1.07 and a beta of 1.18. WSFS Financial has a twelve month low of $44.10 and a twelve month high of $57.70. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.07.
WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, July 23rd. The bank reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.08. The company had revenue of $95.98 million during the quarter, compared to the consensus estimate of $93.63 million. WSFS Financial had a return on equity of 13.02% and a net margin of 20.57%. On average, equities research analysts predict that WSFS Financial will post 3.53 earnings per share for the current fiscal year.
About WSFS Financial
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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