BidaskClub lowered shares of WSFS Financial (NASDAQ:WSFS) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Several other equities analysts have also recently commented on WSFS. Zacks Investment Research upgraded shares of WSFS Financial from a hold rating to a buy rating and set a $62.00 target price for the company in a research report on Thursday, July 26th. Boenning Scattergood restated a buy rating on shares of WSFS Financial in a research report on Thursday, August 9th. Sandler O’Neill reiterated a buy rating and set a $63.00 price objective on shares of WSFS Financial in a research report on Sunday, August 12th. Keefe, Bruyette & Woods upgraded shares of WSFS Financial from a market perform rating to an outperform rating in a research report on Wednesday, October 10th. Finally, Stephens reiterated a buy rating and set a $58.00 price objective on shares of WSFS Financial in a research report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. WSFS Financial presently has an average rating of Hold and an average price target of $59.67.

Shares of NASDAQ:WSFS opened at $43.20 on Wednesday. The company has a market capitalization of $1.37 billion, a PE ratio of 16.88, a PEG ratio of 1.02 and a beta of 1.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.07. WSFS Financial has a 12 month low of $40.04 and a 12 month high of $57.70.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, October 22nd. The bank reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $100.42 million. WSFS Financial had a net margin of 23.83% and a return on equity of 14.37%. As a group, research analysts expect that WSFS Financial will post 3.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, November 5th. WSFS Financial’s dividend payout ratio is 17.19%.

In related news, EVP Richard Wright sold 3,096 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $50.36, for a total transaction of $155,914.56. Following the completion of the transaction, the executive vice president now directly owns 45,265 shares in the company, valued at approximately $2,279,545.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark A. Turner sold 25,700 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 144,631 shares of the company’s stock, valued at $6,914,808.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,791 shares of company stock valued at $4,049,304. 4.89% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Trexquant Investment LP bought a new stake in WSFS Financial during the 3rd quarter worth approximately $217,000. FMR LLC grew its holdings in WSFS Financial by 9.6% during the 3rd quarter. FMR LLC now owns 1,220,047 shares of the bank’s stock worth $57,525,000 after acquiring an additional 106,489 shares during the last quarter. BlackRock Inc. grew its holdings in WSFS Financial by 0.4% during the 3rd quarter. BlackRock Inc. now owns 2,149,438 shares of the bank’s stock worth $101,347,000 after acquiring an additional 8,410 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in WSFS Financial by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 176,378 shares of the bank’s stock worth $8,316,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in WSFS Financial by 10.2% during the 3rd quarter. Alliancebernstein L.P. now owns 580,633 shares of the bank’s stock worth $27,377,000 after acquiring an additional 53,700 shares during the last quarter. 78.90% of the stock is currently owned by hedge funds and other institutional investors.

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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