WSFS Financial (NASDAQ:WSFS) Shares Gap Down - Time to Sell?

Shares of WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $52.15, but opened at $48.64. WSFS Financial shares last traded at $51.71, with a volume of 27,081 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WSFS shares. Stephens reaffirmed an "overweight" rating and set a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their target price on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $64.75.

View Our Latest Research Report on WSFS

WSFS Financial Trading Down 1.6 %

The company has a market capitalization of $2.98 billion, a P/E ratio of 11.59 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm's 50-day moving average price is $51.03 and its 200 day moving average price is $53.55.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company had revenue of $256.11 million for the quarter, compared to analyst estimates of $235.44 million. As a group, equities research analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the transaction, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.29% of the company's stock.

Hedge Funds Weigh In On WSFS Financial

Institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its position in shares of WSFS Financial by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,313,175 shares of the bank's stock valued at $122,899,000 after purchasing an additional 19,895 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of WSFS Financial by 309.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank's stock valued at $89,674,000 after purchasing an additional 1,276,078 shares during the last quarter. Northern Trust Corp lifted its stake in WSFS Financial by 1.2% in the fourth quarter. Northern Trust Corp now owns 809,334 shares of the bank's stock worth $43,000,000 after purchasing an additional 9,542 shares during the last quarter. Cooke & Bieler LP boosted its position in WSFS Financial by 1.5% during the fourth quarter. Cooke & Bieler LP now owns 782,767 shares of the bank's stock valued at $41,588,000 after buying an additional 11,414 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of WSFS Financial by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank's stock valued at $39,347,000 after buying an additional 19,650 shares during the last quarter. Institutional investors own 88.49% of the company's stock.

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. 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.

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