WSFS Financial Corporation (NASDAQ:WSFS) Receives Daily News Impact Rating of 0.47
Press coverage about WSFS Financial Corporation (NASDAQ:WSFS) has been trending positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WSFS Financial Corporation earned a coverage optimism score of 0.47 on Accern’s scale. Accern also gave headlines about the bank an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- BRIEF-WSFS Financial Corp sees for FY 2017 mid-to-high single digit loan and core deposit growth – SEC filing (feeds.reuters.com)
- WSFS Financial Corporation (WSFS) Announces $0.07 Quarterly Dividend (americanbankingnews.com)
- Chesco banker’s swimming death was an accident, police say (philly.com)
- BRIEF-WSFS elects Mark Turner chairman of the board of directors (reuters.com)
- WSFS Announces Mark A. Turner Elected Chairman of the Board of Directors and Rodger Levenson Promoted to Chief Operating Officer (globenewswire.com)
Shares of WSFS Financial Corporation (NASDAQ WSFS) traded up 0.33% on Friday, hitting $45.05. 52,996 shares of the stock were exchanged. The stock’s 50-day moving average is $45.60 and its 200-day moving average is $45.58. WSFS Financial Corporation has a 1-year low of $31.90 and a 1-year high of $50.55. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 20.62 and a beta of 1.19.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.55%. The firm had revenue of $54.31 million during the quarter, compared to analyst estimates of $54.83 million. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. Analysts forecast that WSFS Financial Corporation will post $2.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.62%. WSFS Financial Corporation’s payout ratio is 12.73%.
WSFS has been the topic of several research analyst reports. Boenning Scattergood reissued a “buy” rating and set a $49.00 price target on shares of WSFS Financial Corporation in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of WSFS Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, May 3rd. BidaskClub upgraded shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $50.00 target price on shares of WSFS Financial Corporation in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. WSFS Financial Corporation presently has an average rating of “Hold” and a consensus price target of $51.75.
In related news, EVP Paul S. Greenplate sold 7,056 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $46.28, for a total transaction of $326,551.68. Following the completion of the transaction, the executive vice president now owns 10,535 shares in the company, valued at $487,559.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Peggy H. Eddens sold 4,911 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $45.08, for a total transaction of $221,387.88. Following the transaction, the executive vice president now owns 23,990 shares of the company’s stock, valued at approximately $1,081,469.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,519 shares of company stock valued at $662,239. Company insiders own 4.89% of the company’s stock.
About WSFS Financial Corporation
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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