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

Other research analysts have also issued reports about the company. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research report on Tuesday, October 23rd. Stephens reiterated a “buy” rating and issued a $58.00 price objective on shares of WSFS Financial in a research report on Monday, August 13th. ValuEngine lowered WSFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Sandler O’Neill restated a “buy” rating and set a $63.00 price target on shares of WSFS Financial in a research report on Sunday, August 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. WSFS Financial has an average rating of “Hold” and an average price target of $59.67.

Shares of WSFS Financial stock opened at $39.57 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 0.93 and a beta of 1.11. WSFS Financial has a fifty-two week low of $37.97 and a fifty-two week high of $57.70. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.68.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, October 22nd. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $105.00 million during the quarter, compared to analyst estimates of $100.42 million. WSFS Financial had a return on equity of 14.12% and a net margin of 23.83%. Equities research analysts predict that WSFS Financial will post 3.55 EPS for the current year.

In other news, CEO Mark A. Turner sold 25,700 shares of the firm’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $47.81, for a total transaction of $1,228,717.00. Following the completion of the transaction, the chief executive officer now directly owns 144,631 shares in the company, valued at $6,914,808.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark A. Turner sold 12,995 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $47.59, for a total value of $618,432.05. Following the transaction, the chief executive officer now owns 144,631 shares of the company’s stock, valued at $6,882,989.29. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in shares of WSFS Financial by 136.4% during the second quarter. Advisors Asset Management Inc. now owns 10,595 shares of the bank’s stock worth $255,000 after buying an additional 6,113 shares during the period. Macquarie Group Ltd. boosted its holdings in WSFS Financial by 9.1% in the second quarter. Macquarie Group Ltd. now owns 1,063,000 shares of the bank’s stock valued at $56,658,000 after purchasing an additional 88,373 shares during the period. Engineers Gate Manager LP purchased a new position in WSFS Financial in the second quarter valued at $252,000. Tower Bridge Advisors purchased a new position in WSFS Financial in the second quarter valued at $213,000. Finally, OppenheimerFunds Inc. boosted its holdings in WSFS Financial by 27.2% in the second quarter. OppenheimerFunds Inc. now owns 564,319 shares of the bank’s stock valued at $30,078,000 after purchasing an additional 120,721 shares during the period. Institutional investors and hedge funds own 85.11% 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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Analyst Recommendations for WSFS Financial (NASDAQ:WSFS)

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