Shares of WSFS Financial Co. (NASDAQ:WSFS) have received an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $57.00.
Several research firms recently commented on WSFS. BidaskClub cut shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research note on Friday. Stephens set a $51.00 target price on shares of WSFS Financial and gave the company a “buy” rating in a research note on Thursday, February 28th. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th.
Shares of NASDAQ WSFS traded down $2.35 during trading hours on Friday, hitting $37.51. 215,614 shares of the stock were exchanged, compared to its average volume of 270,213. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.26 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.92 and a beta of 1.14. WSFS Financial has a one year low of $33.75 and a one year high of $57.70.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 7th. WSFS Financial’s dividend payout ratio is 12.39%.
In other news, Director Mark A. Turner sold 14,335 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.02, for a total value of $645,361.70. Following the completion of the transaction, the director now owns 155,205 shares in the company, valued at approximately $6,987,329.10. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.73% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of WSFS Financial by 2.0% in the 4th quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock valued at $619,000 after buying an additional 323 shares in the last quarter. Prudential Financial Inc. increased its position in shares of WSFS Financial by 4.1% during the 4th quarter. Prudential Financial Inc. now owns 10,790 shares of the bank’s stock worth $409,000 after purchasing an additional 427 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WSFS Financial by 39.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after purchasing an additional 697 shares in the last quarter. Legal & General Group Plc increased its position in shares of WSFS Financial by 7.0% during the 4th quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock worth $500,000 after purchasing an additional 868 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in shares of WSFS Financial during the 4th quarter worth about $48,000. Institutional investors own 87.07% 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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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