Boenning & Scattergood Sticks to Its Buy Rating for Wsfs Financial Corp

By Jason Carr

Boenning & Scattergood analyst Matthew Schultheis reiterated a Buy rating on Wsfs Financial Corp (NASDAQ: WSFS) today and set a price target of $49. The company’s shares opened today at $45.55.

According to TipRanks.com, Schultheis is a 4-star analyst with an average return of 13.6% and a 80.6% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Provident Financial Services, and Susquehanna Bancshares.

Wsfs Financial Corp has an analyst consensus of Moderate Buy, with a price target consensus of $49.50.

Based on Wsfs Financial Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $88.92 million and quarterly net profit of $18.94 million. In comparison, last year the company earned revenue of $76.35 million and had a net profit of $17.48 million.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock.

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WSFS Financial Corp. engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.