WSFS Financial (NASDAQ:WSFS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

WSFS has been the topic of a number of other reports. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price target on shares of WSFS Financial in a research note on Tuesday, October 24th. Finally, ValuEngine lowered 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 issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $51.33.

WSFS Financial (NASDAQ:WSFS) opened at $49.10 on Friday. WSFS Financial has a one year low of $42.45 and a one year high of $52.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. The stock has a market cap of $1,541.25, a PE ratio of 20.29, a PEG ratio of 1.95 and a beta of 1.24.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. The firm had revenue of $87.80 million for the quarter, compared to analyst estimates of $56.86 million. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue was up 16.2% compared to the same quarter last year. research analysts predict that WSFS Financial will post 2.51 EPS for the current year.

In related news, EVP S James Mazarakis sold 1,868 shares of the business’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 sale, the executive vice president now owns 42,995 shares of the company’s stock, valued at $2,213,812.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patrick Joseph Ward sold 2,070 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was 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 in the company, valued at approximately $4,395,378.28. The disclosure for this sale can be found here. Insiders own 4.89% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in WSFS Financial during the third quarter worth about $410,000. Dimensional Fund Advisors LP boosted its holdings in WSFS Financial by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,242,570 shares of the bank’s stock worth $60,575,000 after buying an additional 36,426 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in WSFS Financial by 10.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 137,410 shares of the bank’s stock worth $6,699,000 after buying an additional 13,099 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in WSFS Financial by 44.8% during the third quarter. Wells Fargo & Company MN now owns 77,946 shares of the bank’s stock worth $3,800,000 after buying an additional 24,121 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in WSFS Financial during the third quarter worth about $287,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

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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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