WSFS Financial (NASDAQ:WSFS) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of WSFS Financial (NASDAQ:WSFS - Free Report) from a hold rating to a sell rating in a research report report published on Friday.

A number of other research analysts have also commented on the company. Stephens reissued an "overweight" rating and set a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, WSFS Financial currently has a consensus rating of "Hold" and an average target price of $62.75.

WSFS Financial Stock Performance

WSFS stock traded down $0.78 during mid-day trading on Friday, reaching $52.11. The company had a trading volume of 243,007 shares, compared to its average volume of 303,718. The stock has a market capitalization of $2.96 billion, a P/E ratio of 11.79 and a beta of 0.86. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. WSFS Financial has a one year low of $42.21 and a one year high of $62.75. The stock's 50-day simple moving average is $51.30 and its two-hundred day simple moving average is $53.81.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The company had revenue of $256.11 million for the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. Research analysts anticipate that WSFS Financial will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.17 per share. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, May 9th. WSFS Financial's payout ratio is presently 15.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new position in WSFS Financial in the 1st quarter worth about $327,000. Intech Investment Management LLC increased its stake in WSFS Financial by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 31,594 shares of the bank's stock worth $1,639,000 after purchasing an additional 5,649 shares in the last quarter. Jane Street Group LLC increased its stake in WSFS Financial by 579.0% in the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank's stock worth $6,093,000 after purchasing an additional 100,171 shares in the last quarter. United Services Automobile Association purchased a new position in WSFS Financial in the 1st quarter worth about $204,000. Finally, Millennium Management LLC increased its stake in WSFS Financial by 230.4% in the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank's stock worth $3,772,000 after purchasing an additional 50,717 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

About WSFS Financial

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.