WSFS Financial (NASDAQ:WSFS) Earns “Outperform” Rating from Boenning Scattergood

WSFS Financial (NASDAQ:WSFS)‘s stock had its “outperform” rating reiterated by equities research analysts at Boenning Scattergood in a research note issued on Thursday, June 20th, AnalystRatings.com reports. They presently have a $47.75 price objective on the bank’s stock. Boenning Scattergood’s price target suggests a potential upside of 16.32% from the company’s current price.

A number of other equities research analysts have also recently issued reports on WSFS. Zacks Investment Research cut shares of Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Stephens set a $95.00 price target on shares of FMC and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, BidaskClub upgraded shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.94.

NASDAQ:WSFS traded up $0.73 during trading hours on Thursday, reaching $41.05. The company’s stock had a trading volume of 221,860 shares, compared to its average volume of 356,835. The company has a market cap of $2.19 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.99 and a beta of 1.12. WSFS Financial has a one year low of $33.75 and a one year high of $57.70. The business has a 50-day moving average of $40.81. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.91 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.91. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $125.86 million. WSFS Financial had a net margin of 22.95% and a return on equity of 12.03%. Sell-side analysts forecast that WSFS Financial will post 3.44 EPS for the current fiscal year.

In related news, CEO Rodger Levenson sold 13,981 shares of the stock in a transaction dated 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 $3,013,028.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Turner sold 65,736 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $42.85, for a total transaction of $2,816,787.60. Following the sale, the director now directly owns 162,243 shares of the company’s stock, valued at approximately $6,952,112.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,646 shares of company stock valued at $10,792,140. 2.42% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pearl River Capital LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth about $48,000. Meeder Asset Management Inc. acquired a new position in WSFS Financial during the 1st quarter worth approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WSFS Financial by 18.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,894 shares of the bank’s stock worth $112,000 after purchasing an additional 444 shares in the last quarter. Quantamental Technologies LLC acquired a new position in WSFS Financial in the 1st quarter valued at approximately $149,000. Finally, SG Americas Securities LLC acquired a new position in WSFS Financial in the 1st quarter valued at approximately $150,000. 78.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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