WSFS Financial Corporation (NASDAQ:WSFS) Receives “Buy” Rating from Boenning Scattergood
Boenning Scattergood reaffirmed their buy rating on shares of WSFS Financial Corporation (NASDAQ:WSFS) in a research note issued to investors on Friday. Boenning Scattergood currently has a $49.00 price objective on the bank’s stock.
A number of other equities research analysts also recently issued reports on WSFS. BidaskClub downgraded WSFS Financial Corporation from a sell rating to a strong sell rating in a research report on Friday. Zacks Investment Research downgraded WSFS Financial Corporation from a buy rating to a hold rating in a research report on Tuesday, April 4th. Finally, Keefe, Bruyette & Woods reissued a buy rating and set a $50.00 price target on shares of WSFS Financial Corporation in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $51.75.
WSFS Financial Corporation (NASDAQ:WSFS) opened at 45.15 on Friday. The company’s 50 day moving average price is $45.64 and its 200 day moving average price is $45.58. The company has a market cap of $1.42 billion, a P/E ratio of 20.66 and a beta of 1.19. WSFS Financial Corporation has a 52-week low of $31.90 and a 52-week high of $50.55.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $54.31 million for the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a return on equity of 10.55% and a net margin of 19.96%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Equities research analysts anticipate that WSFS Financial Corporation will post $2.58 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.watchlistnews.com/wsfs-financial-corporation-nasdaqwsfs-receives-buy-rating-from-boenning-scattergood/1465478.html.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, August 9th. WSFS Financial Corporation’s payout ratio is presently 12.73%.
In other WSFS Financial Corporation news, EVP Paul S. Greenplate sold 7,056 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $46.28, for a total transaction of $326,551.68. Following the completion of the sale, the executive vice president now directly owns 10,535 shares in the company, valued at $487,559.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peggy H. Eddens sold 4,911 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $45.08, for a total value of $221,387.88. Following the sale, the executive vice president now owns 23,990 shares of the company’s stock, valued at $1,081,469.20. The disclosure for this sale can be found here. Insiders have sold 14,519 shares of company stock valued at $662,239 over the last 90 days. Corporate insiders own 4.89% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WSFS. State Street Corp boosted its stake in WSFS Financial Corporation by 6.0% in the fourth quarter. State Street Corp now owns 531,466 shares of the bank’s stock valued at $24,635,000 after buying an additional 30,036 shares during the last quarter. Teachers Advisors LLC boosted its stake in WSFS Financial Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 50,030 shares of the bank’s stock valued at $2,319,000 after buying an additional 1,355 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in WSFS Financial Corporation by 75.1% in the fourth quarter. Highbridge Capital Management LLC now owns 18,474 shares of the bank’s stock valued at $857,000 after buying an additional 7,926 shares during the last quarter. Macquarie Group Ltd. boosted its stake in WSFS Financial Corporation by 23.5% in the fourth quarter. Macquarie Group Ltd. now owns 456,542 shares of the bank’s stock valued at $21,161,000 after buying an additional 87,016 shares during the last quarter. Finally, Mycio Wealth Partners LLC boosted its stake in WSFS Financial Corporation by 92.3% in the first quarter. Mycio Wealth Partners LLC now owns 12,692 shares of the bank’s stock valued at $583,000 after buying an additional 6,091 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.
About WSFS Financial Corporation
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
Receive News & Ratings for WSFS Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.