WSFS Financial (WSFS) Earns Daily Coverage Optimism Rating of 0.19
Media coverage about WSFS Financial (NASDAQ:WSFS) has trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WSFS Financial earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.8352314854442 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
WSFS Financial (WSFS) opened at $48.30 on Wednesday. The firm has a market capitalization of $1,492.35, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. WSFS Financial has a 1-year low of $42.45 and a 1-year high of $53.00.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. equities research analysts expect that WSFS Financial will post 3.33 earnings per share for the current fiscal year.
Several research firms recently issued reports on WSFS. Merion Capital Group increased their target price on WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 target price on shares of WSFS Financial in a research report on Wednesday, January 24th. DA Davidson increased their target price on WSFS Financial to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Sandler O’Neill reiterated a “buy” rating and set a $57.00 target price on shares of WSFS Financial in a research report on Tuesday, January 23rd. Finally, BidaskClub cut WSFS Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. WSFS Financial has an average rating of “Hold” and a consensus target price of $56.00.
In other WSFS Financial news, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.52, for a total transaction of $100,436.40. Following the completion of the transaction, the executive vice president now owns 90,589 shares in the company, valued at approximately $4,395,378.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total value of $96,183.32. Following the transaction, the executive vice president now owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.
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WSFS Financial Company Profile
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.
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