Research Analysts’ Recent Ratings Updates for WSFS Financial (WSFS)

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A number of research firms have changed their ratings and price targets for WSFS Financial (NASDAQ: WSFS):

  • 4/13/2019 – WSFS Financial was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/12/2019 – WSFS Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate, commercial and consumer lending services, as well as cash management services funding these activities primarily with retail deposits and borrowings. “
  • 4/4/2019 – WSFS Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate, commercial and consumer lending services, as well as cash management services funding these activities primarily with retail deposits and borrowings. “
  • 3/27/2019 – WSFS Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate, commercial and consumer lending services, as well as cash management services funding these activities primarily with retail deposits and borrowings. “
  • 3/22/2019 – WSFS Financial was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/9/2019 – WSFS Financial was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/28/2019 – WSFS Financial was given a new $51.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 2/23/2019 – WSFS Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

WSFS stock traded down $0.22 during trading on Wednesday, hitting $41.91. 116 shares of the company’s stock traded hands, compared to its average volume of 225,454. WSFS Financial Co. has a 52 week low of $33.75 and a 52 week high of $57.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.12.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06. WSFS Financial had a net margin of 29.58% and a return on equity of 14.60%. The business had revenue of $102.86 million during the quarter, compared to analyst estimates of $98.34 million. As a group, analysts anticipate that WSFS Financial Co. will post 3.63 EPS for the current year.

In other WSFS Financial news, Director Mark A. Turner sold 14,335 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.02, for a total transaction of $645,361.70. Following the completion of the transaction, the director now owns 155,205 shares in the company, valued at $6,987,329.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.42% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WSFS. Pearl River Capital LLC purchased a new stake in shares of WSFS Financial in the fourth quarter valued at $48,000. Meeder Asset Management Inc. purchased a new position in WSFS Financial in the 1st quarter worth about $50,000. Oppenheimer Asset Management Inc. purchased a new position in WSFS Financial in the 4th quarter worth about $81,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WSFS Financial by 39.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after buying an additional 697 shares during the period. Finally, Jefferies Group LLC purchased a new position in WSFS Financial in the 3rd quarter worth about $299,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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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