WSFS Financial (NASDAQ:WSFS) Rating Increased to Hold at DA Davidson

WSFS Financial (NASDAQ:WSFS) was upgraded by equities research analysts at DA Davidson to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Piper Sandler lifted their price target on shares of WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Stephens reaffirmed an “overweight” rating and set a $71.00 target price (up from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. Finally, TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, WSFS Financial currently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

WSFS Financial Stock Performance

WSFS Financial stock opened at $66.05 on Tuesday. WSFS Financial has a fifty-two week low of $42.44 and a fifty-two week high of $71.32. The stock’s 50 day simple moving average is $61.19 and its two-hundred day simple moving average is $57.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 12.95 and a beta of 0.79.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The company had revenue of $90.08 million during the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter last year, the business posted $1.11 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts expect that WSFS Financial will post 4.47 earnings per share for the current fiscal year.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Shari Kruzinski sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $70.10, for a total transaction of $70,100.00. Following the transaction, the executive vice president owned 14,740 shares in the company, valued at approximately $1,033,274. This represents a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James J. Wechsler sold 450 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $69.89, for a total transaction of $31,450.50. Following the sale, the executive vice president directly owned 5,777 shares in the company, valued at approximately $403,754.53. The trade was a 7.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,455 shares of company stock worth $242,923. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On WSFS Financial

Large investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its holdings in shares of WSFS Financial by 11.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank’s stock worth $88,000 after acquiring an additional 163 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in WSFS Financial by 0.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank’s stock valued at $3,782,000 after acquiring an additional 198 shares during the period. Nisa Investment Advisors LLC boosted its position in WSFS Financial by 7.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank’s stock worth $152,000 after purchasing an additional 203 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of WSFS Financial by 7.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank’s stock valued at $177,000 after purchasing an additional 218 shares during the period. Finally, CWM LLC grew its stake in shares of WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after purchasing an additional 219 shares during the period. Institutional investors own 88.49% of the company’s stock.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.