Analysts Set WSFS Financial Co. (WSFS) PT at $57.00

Shares of WSFS Financial Co. (NASDAQ:WSFS) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $57.00.

Several brokerages recently issued reports on WSFS. Zacks Investment Research raised WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. BidaskClub cut WSFS Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. Stephens set a $51.00 price objective on WSFS Financial and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 23rd.

WSFS opened at $41.56 on Tuesday. The company has a market cap of $1.30 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.95 and a beta of 1.12. 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 released its earnings results on Tuesday, January 22nd. The bank reported $0.94 EPS 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 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 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 transaction, the director now owns 155,205 shares of the company’s stock, valued at $6,987,329.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.42% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Jennison Associates LLC lifted its holdings in WSFS Financial by 2.0% during the fourth quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock worth $619,000 after buying an additional 323 shares during the period. Prudential Financial Inc. lifted its holdings in WSFS Financial by 4.1% during the fourth quarter. Prudential Financial Inc. now owns 10,790 shares of the bank’s stock worth $409,000 after buying an additional 427 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in WSFS Financial by 39.8% during 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 period. Legal & General Group Plc lifted its holdings in WSFS Financial by 7.0% during the fourth quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock worth $500,000 after buying an additional 868 shares during the period. Finally, Pearl River Capital LLC purchased a new stake in WSFS Financial during the fourth quarter worth $48,000. Institutional investors own 87.88% of the company’s stock.

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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