WSFS has been the subject of a number of other reports. Zacks Investment Research downgraded WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 21st. Stephens lowered their price objective on WSFS Financial from $53.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Finally, Piper Sandler upgraded WSFS Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $56.00 to $51.00 in a research note on Monday, April 25th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.80.
Shares of NASDAQ WSFS traded up $0.60 during trading on Tuesday, reaching $43.54. The stock had a trading volume of 247,579 shares, compared to its average volume of 385,614. WSFS Financial has a one year low of $37.03 and a one year high of $56.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.77. The stock has a market cap of $2.76 billion, a PE ratio of 9.92 and a beta of 1.09. The firm’s 50 day moving average price is $41.64 and its two-hundred day moving average price is $48.04.
WSFS Financial (NASDAQ:WSFS – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). WSFS Financial had a net margin of 31.02% and a return on equity of 11.89%. The firm had revenue of $199.13 million during the quarter, compared to the consensus estimate of $134.16 million. During the same quarter last year, the firm posted $1.39 earnings per share. On average, research analysts expect that WSFS Financial will post 4.07 earnings per share for the current year.
In other WSFS Financial news, EVP Richard Wright sold 1,973 shares of the business’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $42.03, for a total transaction of $82,925.19. Following the completion of the transaction, the executive vice president now owns 42,196 shares in the company, valued at approximately $1,773,497.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy J. Foster purchased 1,000 shares of WSFS Financial stock in a transaction on Tuesday, April 26th. The shares were acquired at an average price of $41.69 per share, with a total value of $41,690.00. Following the transaction, the director now directly owns 4,213 shares in the company, valued at approximately $175,639.97. The disclosure for this purchase can be found here. Insiders own 1.73% of the company’s stock.
Several institutional investors have recently made changes to their positions in WSFS. First Trust Advisors LP lifted its holdings in shares of WSFS Financial by 26.2% in the first quarter. First Trust Advisors LP now owns 55,925 shares of the bank’s stock valued at $2,159,000 after buying an additional 11,603 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of WSFS Financial by 11.2% in the second quarter. Wells Fargo & Company MN now owns 36,313 shares of the bank’s stock valued at $1,691,000 after buying an additional 3,662 shares during the period. Morgan Stanley lifted its holdings in shares of WSFS Financial by 61.2% in the second quarter. Morgan Stanley now owns 195,773 shares of the bank’s stock valued at $9,121,000 after buying an additional 74,294 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of WSFS Financial by 92.0% in the third quarter. Goldman Sachs Group Inc. now owns 256,049 shares of the bank’s stock valued at $13,137,000 after buying an additional 122,705 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of WSFS Financial by 1.7% in the third quarter. Geode Capital Management LLC now owns 849,789 shares of the bank’s stock valued at $43,602,000 after buying an additional 14,058 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.
WSFS Financial Company Profile (Get Rating)
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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.
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