Zacks Investment Research cut shares of WSFS Financial (NASDAQ:WSFS) from a hold rating to a sell rating in a research note published on Sunday morning, Zacks.com reports.

According to Zacks, “WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate, commercial and consumer lending services, as well as cash management services funding these activities primarily with retail deposits and borrowings. “

Several other research analysts have also weighed in on WSFS. BidaskClub raised WSFS Financial from a strong sell rating to a sell rating in a research report on Tuesday, July 30th. Boenning Scattergood reissued an outperform rating and issued a $47.75 price objective on shares of WSFS Financial in a research note on Thursday, June 20th. Finally, Piper Jaffray Companies began coverage on WSFS Financial in a research report on Monday, July 15th. They set a neutral rating on the stock. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. WSFS Financial has a consensus rating of Hold and an average price target of $49.38.

WSFS opened at $44.69 on Friday. WSFS Financial has a twelve month low of $33.75 and a twelve month high of $49.75. The company has a fifty day moving average of $41.66 and a 200-day moving average of $41.40. The stock has a market cap of $2.28 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, July 22nd. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. The business had revenue of $166.10 million for the quarter, compared to analyst estimates of $157.52 million. WSFS Financial had a net margin of 21.06% and a return on equity of 10.98%. Sell-side analysts anticipate that WSFS Financial will post 3.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.52%.

In related news, Director Mark A. Turner sold 124,177 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $41.31, for a total transaction of $5,129,751.87. Following the transaction, the director now directly owns 161,779 shares of the company’s stock, valued at $6,683,090.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick Joseph Ward sold 15,962 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $41.95, for a total transaction of $669,605.90. Following the transaction, the executive vice president now directly owns 115,729 shares in the company, valued at $4,854,831.55. The disclosure for this sale can be found here. Company insiders own 2.42% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WSFS. Toronto Dominion Bank acquired a new position in shares of WSFS Financial during the second quarter valued at about $27,000. Strs Ohio increased its position in WSFS Financial by 120.0% in the 2nd quarter. Strs Ohio now owns 1,100 shares of the bank’s stock valued at $45,000 after buying an additional 600 shares in the last quarter. Kavar Capital Partners LLC bought a new stake in WSFS Financial in the 2nd quarter valued at about $55,000. Tower Research Capital LLC TRC increased its position in WSFS Financial by 4,154.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the bank’s stock valued at $90,000 after buying an additional 2,119 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in WSFS Financial by 18.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,894 shares of the bank’s stock worth $112,000 after buying an additional 444 shares during the period. 82.93% of the stock is owned by hedge funds and other institutional investors.

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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