WSFS Financial Co. (WSFS) Given Average Recommendation of “Hold” by Brokerages

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WSFS Financial Co. (NASDAQ:WSFS) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $60.50.

A number of research firms have recently commented on WSFS. BidaskClub raised shares of WSFS Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 23rd. Zacks Investment Research cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Finally, Keefe, Bruyette & Woods raised shares of WSFS Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 10th.

WSFS stock traded up $0.09 during midday trading on Thursday, reaching $42.17. 126,500 shares of the company’s stock traded hands, compared to its average volume of 163,547. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.11. 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 has a fifty-two week low of $33.75 and a fifty-two week high of $57.70.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $102.86 million for the quarter, compared to analysts’ expectations of $98.34 million. WSFS Financial had a net margin of 29.58% and a return on equity of 14.83%. On average, equities analysts forecast that WSFS Financial will post 3.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.04%. WSFS Financial’s payout ratio is currently 12.39%.

Several hedge funds and other institutional investors have recently bought and sold shares of WSFS. Oppenheimer Asset Management Inc. bought a new stake in shares of WSFS Financial in the fourth quarter worth $81,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WSFS Financial by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after buying an additional 697 shares during the last quarter. Lenox Wealth Advisors LLC bought a new stake in shares of WSFS Financial in the third quarter worth $157,000. Trexquant Investment LP bought a new stake in shares of WSFS Financial in the third quarter worth $217,000. Finally, Jefferies Group LLC bought a new stake in shares of WSFS Financial in the third quarter worth $299,000. 85.33% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Company Profile

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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