WSFS Financial Corp. (NASDAQ:WSFS) has been assigned an average broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. WSFS Financial Corp.’s rating score has improved by 25% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price objective of $38.00 for the company and are expecting that the company will post $0.61 EPS for the current quarter, according to Zacks. Zacks has also assigned WSFS Financial Corp. an industry rank of 38 out of 265 based on the ratings given to its competitors.
Several research firms recently weighed in on WSFS. Zacks Investment Research upgraded shares of WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Finally, Stephens began coverage on shares of WSFS Financial Corp. in a report on Friday, September 23rd. They set an “equal weight” rating on the stock.
In other WSFS Financial Corp. news, EVP Rodger Levenson sold 45,024 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $40.89, for a total value of $1,841,031.36. Following the transaction, the executive vice president now owns 55,297 shares in the company, valued at approximately $2,261,094.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Wright sold 4,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $40.48, for a total transaction of $161,920.00. Following the completion of the transaction, the executive vice president now owns 46,481 shares in the company, valued at approximately $1,881,550.88. The disclosure for this sale can be found here. 4.17% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of WSFS Financial Corp. by 2.6% in the third quarter. BlackRock Inc. now owns 7,268 shares of the company’s stock worth $266,000 after buying an additional 183 shares in the last quarter. Smith Asset Management Group LP raised its position in shares of WSFS Financial Corp. by 0.3% in the third quarter. Smith Asset Management Group LP now owns 59,150 shares of the company’s stock worth $2,158,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers raised its position in shares of WSFS Financial Corp. by 0.5% in the third quarter. Rhumbline Advisers now owns 40,174 shares of the company’s stock worth $1,466,000 after buying an additional 200 shares in the last quarter. Hancock Holding Co. raised its position in shares of WSFS Financial Corp. by 1.7% in the second quarter. Hancock Holding Co. now owns 24,059 shares of the company’s stock worth $774,000 after buying an additional 410 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of WSFS Financial Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 3,965 shares of the company’s stock worth $128,000 after buying an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 74.13% of the company’s stock.
WSFS Financial Corp. (NASDAQ:WSFS) remained flat at $42.05 during midday trading on Friday. 22,922 shares of the company traded hands. WSFS Financial Corp. has a 1-year low of $26.40 and a 1-year high of $42.30. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 21.44 and a beta of 1.17. The firm has a 50-day moving average price of $37.02 and a 200-day moving average price of $35.82.
WSFS Financial Corp. (NASDAQ:WSFS) last posted its earnings results on Thursday, October 27th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The business had revenue of $46 million for the quarter, compared to analyst estimates of $50.03 million. WSFS Financial Corp. had a net margin of 19.56% and a return on equity of 10.75%. The business’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities research analysts expect that WSFS Financial Corp. will post $2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. This is a positive change from WSFS Financial Corp.’s previous quarterly dividend of $0.06. WSFS Financial Corp.’s payout ratio is currently 14.21%.
WSFS Financial Corp. 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. The Company 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.