WSFS Financial (WSFS) Lifted to “Sell” at BidaskClub
WSFS Financial (NASDAQ:WSFS) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.
A number of other brokerages also recently issued reports on WSFS. Merion Capital Group raised their price target on shares of WSFS Financial from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, January 26th. ValuEngine downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Sandler O’Neill reaffirmed a “buy” rating and set a $57.00 price target on shares of WSFS Financial in a report on Tuesday, January 23rd. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price target on shares of WSFS Financial in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.00.
Shares of WSFS Financial (NASDAQ:WSFS) opened at $49.05 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $1,512.78, a PE ratio of 26.51, a PEG ratio of 1.21 and a beta of 1.22. WSFS Financial has a 1-year low of $42.45 and a 1-year high of $53.00.
In related news, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.52, for a total value of $100,436.40. Following the transaction, the executive vice president now owns 90,589 shares of the company’s stock, valued at $4,395,378.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total transaction of $96,183.32. Following the completion of the transaction, the executive vice president now directly owns 42,995 shares in the company, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. lifted its holdings in WSFS Financial by 12.2% during the third quarter. Macquarie Group Ltd. now owns 876,828 shares of the bank’s stock valued at $42,745,000 after purchasing an additional 95,540 shares in the last quarter. Millennium Management LLC purchased a new position in WSFS Financial during the fourth quarter valued at approximately $2,883,000. Vanguard Group Inc. lifted its holdings in WSFS Financial by 4.8% during the second quarter. Vanguard Group Inc. now owns 1,307,153 shares of the bank’s stock valued at $59,280,000 after purchasing an additional 59,876 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in WSFS Financial by 4.0% during the fourth quarter. Standard Life Aberdeen plc now owns 1,497,357 shares of the bank’s stock valued at $71,649,000 after purchasing an additional 57,519 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in WSFS Financial by 2.7% during the fourth quarter. BlackRock Inc. now owns 1,990,597 shares of the bank’s stock valued at $95,250,000 after purchasing an additional 51,739 shares in the last quarter. 80.10% of the stock is currently owned by institutional investors.
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About WSFS Financial
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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