WSFS Financial (WSFS) Given Daily Coverage Optimism Rating of 0.15
News headlines about WSFS Financial (NASDAQ:WSFS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. WSFS Financial earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.0359866950531 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- WSFS Financial Corp. breached its 50 day moving average in a Bearish Manner : WSFS-US : December 11, 2017 (finance.yahoo.com)
- $88.69 Million in Sales Expected for WSFS Financial Co. (WSFS) This Quarter (americanbankingnews.com)
- WSFS Financial (WSFS) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- Zacks: Brokerages Expect WSFS Financial Co. (WSFS) to Announce $0.64 EPS (americanbankingnews.com)
- SoFi partners WSFS Bank for cash management account (finextra.com)
Shares of WSFS Financial (NASDAQ:WSFS) opened at $48.80 on Tuesday. WSFS Financial has a one year low of $42.45 and a one year high of $52.50. The stock has a market cap of $1,541.24, a PE ratio of 20.29, a P/E/G ratio of 1.95 and a beta of 1.24. 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 (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. The business had revenue of $87.80 million for the quarter, compared to analysts’ expectations of $56.86 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue was up 16.2% on a year-over-year basis. equities analysts expect that WSFS Financial will post 2.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.74%. The ex-dividend date was Monday, November 6th. This is a boost from WSFS Financial’s previous quarterly dividend of $0.07. WSFS Financial’s dividend payout ratio is currently 14.81%.
A number of research firms have recently commented on WSFS. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 target price on shares of WSFS Financial in a research note on Tuesday, October 24th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. BidaskClub cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.33.
In related news, EVP S James Mazarakis sold 1,868 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total transaction of $96,183.32. Following the completion of the sale, the executive vice president now owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick Joseph Ward sold 2,070 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.52, for a total transaction of $100,436.40. Following the sale, the executive vice president now directly owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The disclosure for this sale can be found here. 4.89% of the stock is currently owned by corporate insiders.
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About WSFS Financial
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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