BidaskClub upgraded shares of WSFS Financial (NASDAQ:WSFS) from a strong sell rating to a sell rating in a research note published on Saturday morning, BidAskClub reports.

WSFS has been the subject of a number of other research reports. Stephens set a $51.00 price objective on WSFS Financial and gave the company a buy rating in a research report on Thursday, February 28th. Boenning Scattergood restated a buy rating on shares of WSFS Financial in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research lowered WSFS Financial from a hold rating to a sell rating in a research report on Tuesday, January 1st. Three research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. WSFS Financial presently has an average rating of Hold and a consensus price target of $58.67.

Shares of WSFS Financial stock opened at $40.98 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of 11.57, a PEG ratio of 0.95 and a beta of 1.12. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. WSFS Financial has a twelve month low of $33.75 and a twelve month high of $57.70.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. The firm had revenue of $102.86 million during the quarter, compared to analyst estimates of $98.34 million. WSFS Financial had a return on equity of 14.60% and a net margin of 29.58%. Analysts anticipate that WSFS Financial will post 3.63 earnings per share for the current fiscal year.

In other news, Director Mark A. Turner sold 14,335 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $45.02, for a total transaction of $645,361.70. Following the completion of the transaction, the director now owns 155,205 shares in the company, valued at $6,987,329.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.42% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pearl River Capital LLC purchased a new position in WSFS Financial in the fourth quarter worth about $48,000. Oppenheimer Asset Management Inc. purchased a new position in WSFS Financial in the fourth quarter worth about $81,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in WSFS Financial by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after acquiring an additional 697 shares in the last quarter. Jefferies Group LLC purchased a new position in WSFS Financial in the third quarter worth about $299,000. Finally, First Hawaiian Bank grew its position in WSFS Financial by 930.0% in the fourth quarter. First Hawaiian Bank now owns 8,508 shares of the bank’s stock worth $323,000 after acquiring an additional 7,682 shares in the last quarter. Institutional investors own 87.88% of the company’s stock.

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. 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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