Keefe, Bruyette & Woods reissued their market perform rating on shares of WSFS Financial Co. (NASDAQ:WSFS) in a research note released on Monday, May 1st. Keefe, Bruyette & Woods currently has a $50.00 price target on the bank’s stock.
Other equities research analysts have also recently issued research reports about the stock. DA Davidson assumed coverage on shares of WSFS Financial in a research note on Monday, March 6th. They issued a buy rating and a $55.00 target price for the company. Zacks Investment Research cut shares of WSFS Financial from a buy rating to a hold rating in a research note on Tuesday, April 4th.
WSFS Financial (NASDAQ WSFS) remained flat at $43.80 during midday trading on Monday. 118,247 shares of the stock were exchanged. WSFS Financial has a 1-year low of $30.56 and a 1-year high of $50.55. The firm has a market capitalization of $1.38 billion, a P/E ratio of 20.54 and a beta of 1.22. The firm’s 50-day moving average is $46.08 and its 200 day moving average is $45.01.
WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. WSFS Financial had a net margin of 20.09% and a return on equity of 10.42%. The business had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $80.53 million. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities research analysts expect that WSFS Financial will post $2.59 EPS for the current year.
TRADEMARK VIOLATION WARNING: “WSFS Financial Co. (WSFS) Rating Reiterated by Keefe, Bruyette & Woods” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2017/05/30/wsfs-financial-co-wsfs-stock-rating-lowered-by-keefe-bruyette-woods-updated-updated-updated.html.
The business also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Wednesday, May 10th. WSFS Financial’s dividend payout ratio is currently 13.53%.
In other WSFS Financial news, Director Francis B. Brake bought 2,700 shares of the stock in a transaction on Tuesday, May 2nd. The stock was purchased at an average price of $46.95 per share, with a total value of $126,765.00. Following the acquisition, the director now owns 5,932 shares of the company’s stock, valued at $278,507.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul D. Geraghty sold 18,074 shares of WSFS Financial stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $45.84, for a total transaction of $828,512.16. Following the sale, the executive vice president now directly owns 32,115 shares of the company’s stock, valued at approximately $1,472,151.60. The disclosure for this sale can be found here. In the last three months, insiders sold 40,468 shares of company stock valued at $1,852,780. 4.17% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK boosted its stake in WSFS Financial by 13.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,350,209 shares of the bank’s stock valued at $62,042,000 after buying an additional 156,419 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of WSFS Financial by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,247,277 shares of the bank’s stock valued at $57,312,000 after buying an additional 93,705 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of WSFS Financial 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 buying an additional 36,914 shares during the period. Renaissance Technologies LLC boosted its stake in shares of WSFS Financial by 3.5% in the first quarter. Renaissance Technologies LLC now owns 1,134,814 shares of the bank’s stock valued at $52,145,000 after buying an additional 38,700 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of WSFS Financial by 2.6% in the third quarter. Northern Trust Corp now owns 963,070 shares of the bank’s stock valued at $35,143,000 after buying an additional 24,674 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for WSFS Financial Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for WSFS Financial Co. and related companies with MarketBeat.com’s FREE daily email newsletter.