WSFS Financial (NASDAQ:WSFS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
WSFS has been the subject of several other reports. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. ValuEngine lowered WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 price objective on shares of WSFS Financial in a research note on Wednesday, January 24th. DA Davidson boosted their price objective on WSFS Financial to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill restated a “buy” rating and set a $57.00 target price on shares of WSFS Financial in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.17.
Shares of WSFS Financial (NASDAQ:WSFS) opened at $47.70 on Tuesday. WSFS Financial has a 52 week low of $42.45 and a 52 week high of $53.00. 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 company has a market capitalization of $1,555.19, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of WSFS Financial by 10.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after purchasing an additional 256 shares during the last quarter. Brown Advisory Securities LLC acquired a new position in shares of WSFS Financial during the 3rd quarter worth approximately $234,000. Victory Capital Management Inc. boosted its holdings in shares of WSFS Financial by 25.3% during the 3rd quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock worth $243,000 after purchasing an additional 1,007 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of WSFS Financial during the 4th quarter worth approximately $265,000. Finally, Citadel Advisors LLC acquired a new position in shares of WSFS Financial during the 3rd quarter worth approximately $287,000. Institutional investors and hedge funds own 81.02% 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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