WSFS Financial (NASDAQ:WSFS)‘s stock had its “buy” rating reissued by research analysts at Sandler O’Neill in a report issued on Sunday. They presently have a $63.00 price target on the bank’s stock. Sandler O’Neill’s price objective would suggest a potential upside of 23.89% from the stock’s previous close.
A number of other research firms also recently commented on WSFS. BidaskClub raised WSFS Financial from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research raised WSFS Financial from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday, July 26th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $59.67.
WSFS Financial traded up $0.30, hitting $50.85, during trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 367 shares, compared to its average volume of 196,708. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.04 and a current ratio of 1.03. The company has a market cap of $1.61 billion, a PE ratio of 19.88, a P/E/G ratio of 1.17 and a beta of 1.22. WSFS Financial has a fifty-two week low of $42.45 and a fifty-two week high of $57.70.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, July 23rd. The bank reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08. The business 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%. sell-side analysts predict that WSFS Financial will post 3.6 earnings per share for the current fiscal year.
In other WSFS Financial news, CEO Mark A. Turner sold 58,823 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 136,436 shares of the company’s stock, valued at $7,237,929.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark A. Turner sold 12,026 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $51.07, for a total value of $614,167.82. Following the completion of the transaction, the chief executive officer now directly owns 143,662 shares of the company’s stock, valued at $7,336,818.34. The disclosure for this sale can be found here. Insiders sold 294,782 shares of company stock valued at $15,782,824 over the last three months. 5.73% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Tower Bridge Advisors purchased a new stake in shares of WSFS Financial in the second quarter valued at approximately $213,000. Amalgamated Bank purchased a new stake in shares of WSFS Financial in the second quarter valued at approximately $225,000. Engineers Gate Manager LP purchased a new stake in shares of WSFS Financial in the second quarter valued at approximately $252,000. A.R.T. Advisors LLC purchased a new stake in shares of WSFS Financial in the first quarter valued at approximately $301,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of WSFS Financial in the first quarter valued at approximately $355,000. Institutional investors and hedge funds own 79.67% 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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