WSFS Financial (WSFS) Lowered to Sell at BidaskClub

WSFS Financial (NASDAQ:WSFS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

Several other brokerages have also recently weighed in on WSFS. Boenning Scattergood reaffirmed a “buy” rating and set a $47.75 target price on shares of WSFS Financial in a research note on Friday, April 26th. Stephens set a $51.00 target price on WSFS Financial and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research raised WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.94.

NASDAQ:WSFS opened at $41.67 on Friday. WSFS Financial has a 1 year low of $33.75 and a 1 year high of $57.70. The firm has a market capitalization of $2.25 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.17.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.91 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.91. WSFS Financial had a return on equity of 12.03% and a net margin of 22.95%. The company had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $125.86 million. As a group, sell-side analysts predict that WSFS Financial will post 3.63 earnings per share for the current year.

In related news, Director Mark A. Turner sold 96,154 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $42.79, for a total value of $4,114,429.66. Following the completion of the transaction, the director now owns 167,368 shares in the company, valued at approximately $7,161,676.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rodger Levenson sold 13,981 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $42.95, for a total value of $600,483.95. Following the completion of the transaction, the chief executive officer now owns 70,152 shares of the company’s stock, valued at approximately $3,013,028.40. The disclosure for this sale can be found here. Insiders have sold 265,981 shares of company stock valued at $11,437,502 in the last ninety days. Company insiders own 2.42% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 1,339 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of WSFS Financial by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,591 shares of the bank’s stock worth $2,574,000 after purchasing an additional 1,377 shares during the period. AQR Capital Management LLC boosted its stake in shares of WSFS Financial by 6.3% during the 3rd quarter. AQR Capital Management LLC now owns 22,809 shares of the bank’s stock worth $1,075,000 after purchasing an additional 1,355 shares during the period. Vanguard Group Inc. boosted its stake in shares of WSFS Financial by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after purchasing an additional 14,763 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of WSFS Financial by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after purchasing an additional 14,763 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

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.

Featured Article: What is Put Option Volume?

Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.