Somewhat Favorable News Coverage Somewhat Unlikely to Affect WSFS Financial (WSFS) Share Price

News coverage about WSFS Financial (NASDAQ:WSFS) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WSFS Financial earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.4517317148915 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several equities research analysts have weighed in on WSFS shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price target on shares of WSFS Financial in a research report on Tuesday, October 24th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research report on Wednesday, October 25th. Finally, ValuEngine cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $51.33.

Shares of WSFS Financial (NASDAQ WSFS) opened at $50.10 on Thursday. WSFS Financial has a 12-month low of $42.45 and a 12-month high of $52.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $1,596.18, a PE ratio of 21.01, a PEG ratio of 2.02 and a beta of 1.24.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. The company had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $56.86 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. research analysts predict that WSFS Financial will post 2.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, November 6th. WSFS Financial’s dividend payout ratio (DPR) is currently 14.81%.

In other news, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.52, for a total value of $100,436.40. Following the completion of the sale, the executive vice president now directly owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,995 shares of the company’s stock, valued at $2,213,812.55. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.

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WSFS Financial Company Profile

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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