Boenning Scattergood reaffirmed their buy rating on shares of WSFS Financial Corporation (NASDAQ:WSFS) in a research report sent to investors on Wednesday morning. Boenning Scattergood also issued estimates for WSFS Financial Corporation’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.48 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.77 EPS and FY2019 earnings at $3.10 EPS.
Several other research analysts also recently commented on WSFS. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $50.00 target price on shares of WSFS Financial Corporation in a research note on Tuesday, October 24th. BidaskClub downgraded shares of WSFS Financial Corporation from a sell rating to a strong sell rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $51.33.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at 51.30 on Wednesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.48 and a beta of 1.22. The firm’s 50-day moving average is $48.12 and its 200-day moving average is $46.05. WSFS Financial Corporation has a 12-month low of $33.68 and a 12-month high of $52.15.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its earnings results on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). WSFS Financial Corporation had a return on equity of 11.07% and a net margin of 21.27%. The firm had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $56.86 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities analysts predict that WSFS Financial Corporation will post $2.54 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a $0.09 dividend. The ex-dividend date is Monday, November 6th. This represents a $0.36 annualized dividend and a yield of 0.70%. This is a boost from WSFS Financial Corporation’s previous quarterly dividend of $0.07. WSFS Financial Corporation’s payout ratio is 11.52%.
In related news, EVP S James Mazarakis sold 7,161 shares of WSFS Financial Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $44.86, for a total value of $321,242.46. Following the sale, the executive vice president now owns 48,288 shares in the company, valued at $2,166,199.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peggy H. Eddens sold 8,580 shares of WSFS Financial Corporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total transaction of $380,008.20. Following the completion of the sale, the executive vice president now owns 27,659 shares in the company, valued at approximately $1,225,017.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,240 shares of company stock worth $723,172. 4.89% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in WSFS Financial Corporation by 14.7% in the second quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock valued at $2,441,000 after acquiring an additional 6,905 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in WSFS Financial Corporation by 36.8% in the first quarter. Macquarie Group Ltd. now owns 624,671 shares of the bank’s stock valued at $28,704,000 after acquiring an additional 168,129 shares in the last quarter. Chatham Capital Group Inc. boosted its holdings in WSFS Financial Corporation by 50.6% in the second quarter. Chatham Capital Group Inc. now owns 23,380 shares of the bank’s stock valued at $1,060,000 after acquiring an additional 7,855 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in WSFS Financial Corporation by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,199,063 shares of the bank’s stock valued at $55,097,000 after acquiring an additional 36,914 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in WSFS Financial Corporation by 3.8% in the second quarter. Federated Investors Inc. PA now owns 522,628 shares of the bank’s stock valued at $23,700,000 after acquiring an additional 19,243 shares in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.
About WSFS Financial Corporation
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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