Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been given a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Analysts have set a 1 year consensus target price of $43.00 for the company and are predicting that the company will post $0.56 earnings per share for the current quarter, according to Zacks. Zacks has also assigned WSFS Financial Corporation an industry rank of 85 out of 265 based on the ratings given to its competitors.
Several analysts have recently commented on WSFS shares. Zacks Investment Research upgraded shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Stephens upgraded shares of WSFS Financial Corporation from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 21st. Finally, Keefe, Bruyette & Woods upgraded shares of WSFS Financial Corporation from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $38.00 in a research note on Monday, October 31st.
In related news, EVP Paul D. Geraghty sold 1,150 shares of the firm’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $44.97, for a total value of $51,715.50. Following the completion of the sale, the executive vice president now owns 27,927 shares in the company, valued at $1,255,877.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rodger Levenson sold 45,024 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $40.89, for a total transaction of $1,841,031.36. Following the completion of the sale, the executive vice president now owns 55,297 shares of the company’s stock, valued at approximately $2,261,094.33. The disclosure for this sale can be found here. Insiders sold 55,946 shares of company stock valued at $2,315,566 in the last quarter. Company insiders own 4.17% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in shares of WSFS Financial Corporation by 120.6% in the third quarter. Advisors Asset Management Inc. now owns 2,764 shares of the company’s stock valued at $101,000 after buying an additional 1,511 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of WSFS Financial Corporation by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 3,965 shares of the company’s stock valued at $128,000 after buying an additional 483 shares during the period. Aperio Group LLC bought a new stake in shares of WSFS Financial Corporation during the third quarter valued at approximately $200,000. Westover Capital Advisors LLC bought a new stake in shares of WSFS Financial Corporation during the third quarter valued at approximately $219,000. Finally, Stevens Capital Management LP bought a new stake in shares of WSFS Financial Corporation during the third quarter valued at approximately $222,000. Hedge funds and other institutional investors own 74.16% of the company’s stock.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at 44.50 on Wednesday. The company’s 50-day moving average is $45.35 and its 200 day moving average is $40.02. WSFS Financial Corporation has a 52 week low of $27.26 and a 52 week high of $47.65. The stock has a market cap of $1.40 billion, a PE ratio of 21.60 and a beta of 1.22.
WSFS Financial Corporation (NASDAQ:WSFS) last released its earnings results on Thursday, January 26th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. WSFS Financial Corporation had a return on equity of 10.42% and a net margin of 20.09%. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts forecast that WSFS Financial Corporation will post $2.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, February 8th. WSFS Financial Corporation’s dividend payout ratio (DPR) is 13.53%.
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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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