WSFS Financial (NASDAQ:WSFS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other brokerages have also issued reports on WSFS. Stephens set a $51.00 price target on WSFS Financial and gave the company a “buy” rating in a report on Thursday, February 28th. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 23rd. Finally, Zacks Investment Research lowered WSFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Three research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. WSFS Financial currently has an average rating of “Hold” and an average price target of $58.67.

WSFS opened at $37.51 on Friday. The company has a market cap of $1.18 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14. WSFS Financial has a one year low of $33.75 and a one year high of $57.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $102.86 million during the quarter, compared to analyst estimates of $98.34 million. WSFS Financial had a return on equity of 14.60% and a net margin of 29.58%. As a group, equities research analysts predict that WSFS Financial will post 3.63 earnings per share for the current year.

In related news, Director Mark A. Turner sold 14,335 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.02, for a total value of $645,361.70. Following the completion of the sale, the director now owns 155,205 shares in the company, valued at $6,987,329.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.73% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in WSFS. BlackRock Inc. lifted its holdings in WSFS Financial by 8.9% during the fourth quarter. BlackRock Inc. now owns 2,341,196 shares of the bank’s stock worth $88,757,000 after buying an additional 191,758 shares during the period. Standard Life Aberdeen plc lifted its holdings in WSFS Financial by 5.8% during the third quarter. Standard Life Aberdeen plc now owns 1,490,811 shares of the bank’s stock worth $70,292,000 after buying an additional 81,474 shares during the period. Vanguard Group Inc. lifted its holdings in WSFS Financial by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after buying an additional 14,763 shares during the period. Vanguard Group Inc lifted its holdings in WSFS Financial by 1.0% during the third quarter. Vanguard Group Inc now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after buying an additional 14,763 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in WSFS Financial by 9.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,448,624 shares of the bank’s stock worth $54,917,000 after buying an additional 130,328 shares during the period. Hedge funds and other institutional investors own 87.07% of the company’s stock.

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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