Shares of WSFS Financial Co. (NASDAQ:WSFS) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $60.00.
Several equities research analysts recently weighed in on the stock. Sandler O’Neill reaffirmed a “buy” rating and set a $63.00 price objective on shares of WSFS Financial in a research report on Sunday, August 12th. Zacks Investment Research raised shares of WSFS Financial from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Thursday, July 26th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a research report on Thursday, August 9th. BidaskClub cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. Finally, ValuEngine cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.
In other news, EVP Richard Wright sold 3,096 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $50.36, for a total value of $155,914.56. Following the completion of the transaction, the executive vice president now owns 45,265 shares of the company’s stock, valued at $2,279,545.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark A. Turner sold 12,995 shares of the stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $47.59, for a total transaction of $618,432.05. Following the completion of the transaction, the chief executive officer now directly owns 144,631 shares of the company’s stock, valued at approximately $6,882,989.29. The disclosure for this sale can be found here. Insiders sold 83,791 shares of company stock valued at $4,049,304 in the last three months. Company insiders own 5.73% of the company’s stock.
WSFS traded up $0.41 on Friday, hitting $42.06. 225,800 shares of the stock were exchanged, compared to its average volume of 133,718. WSFS Financial has a 12 month low of $40.04 and a 12 month high of $57.70. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.01 and a beta of 1.14.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, October 22nd. The bank reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.04. WSFS Financial had a net margin of 23.83% and a return on equity of 14.12%. The business had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $100.42 million. Sell-side analysts anticipate that WSFS Financial will post 3.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be issued a $0.11 dividend. The ex-dividend date is Monday, November 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.05%. WSFS Financial’s dividend payout ratio (DPR) is currently 17.19%.
About WSFS Financial
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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