WSFS Financial (NASDAQ:WSFS – Get Rating) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.
A number of other brokerages have also weighed in on WSFS. Piper Sandler increased their price target on WSFS Financial to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. DA Davidson upped their price objective on WSFS Financial to $52.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $54.50.
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WSFS Financial Trading Down 2.0 %
Shares of WSFS Financial stock traded down $1.00 during trading hours on Tuesday, reaching $48.75. 330,675 shares of the company's stock were exchanged, compared to its average volume of 357,802. WSFS Financial has a 52-week low of $37.03 and a 52-week high of $56.30. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.68 and a beta of 1.10. The company has a fifty day moving average of $46.47 and a 200-day moving average of $44.54. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.
WSFS Financial (NASDAQ:WSFS – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The bank reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.10. WSFS Financial had a return on equity of 9.91% and a net
margin of 23.44%. During the same quarter last year, the firm posted $2.00 EPS. Sell-side analysts forecast that WSFS Financial will post 4.33 EPS for the current fiscal year.
Insider Transactions at WSFS Financial
In related news, EVP Richard Wright sold 3,740 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $49.66, for a total value of $185,728.40. Following the completion of the sale, the executive vice president now directly owns 38,456 shares in the company, valued at approximately $1,909,724.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Francis J. Leto sold 3,087 shares of the firm's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $49.76, for a total transaction of $153,609.12. Following the completion of the sale, the director now directly owns 36,241 shares in the company, valued at $1,803,352.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Wright sold 3,740 shares of the firm's stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $49.66, for a total value of $185,728.40. Following the sale, the executive vice president now owns 38,456 shares of the company's stock, valued at $1,909,724.96. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.
Institutional Trading of WSFS Financial
Several large investors have recently modified their holdings of WSFS. Point72 Hong Kong Ltd bought a new position in shares of WSFS Financial during the fourth quarter worth about $32,000. Quadrant Capital Group LLC lifted its position in shares of WSFS Financial by 1,032.3% during the first quarter. Quadrant Capital Group LLC now owns 702 shares of the bank's stock worth $33,000 after purchasing an additional 640 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of WSFS Financial during the first quarter worth about $40,000. SouthState Corp bought a new position in shares of WSFS Financial during the second quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of WSFS Financial by 253.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,366 shares of the bank's stock worth $55,000 after purchasing an additional 980 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors and hedge funds.
About WSFS Financial
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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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