Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

On Jun 26, Zacks Investment Research upgraded WSFS Financial Corp. (WSFS - Snapshot Report) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

WSFS Financial has been witnessing rising earnings estimates due to its first-quarter earnings, which increased nearly 55% year over year. Moreover, this bank holding company has a long-term earnings growth forecast of 5.0%.

On Apr 25, WSFS Financial’s first-quarter earnings of $1.02 per share outpaced the Zacks Consensus Estimate of 76 cent by 34.2%. Better-than-expected results were driven by rise in fee income, partially offset by fall in non-interest income and higher operating expenses.

Further, WSFS Financial witnessed an improvement in loan balances. As of Mar 31, 2013, total net loans were $2.8 billion, up roughly 1% year over year. Additionally, deposit balance was almost stable at $3.2 billion as of Mar 31, 2013.

Moreover, WSFS Financial’s credit quality remarkably improved during the quarter. Almost all the credit metrics – net charge-offs, nonperforming loans, total nonperforming assets, problem loans and delinquencies – declined or remained stable.

Profitability ratios grew for WSFS Financial during the reported quarter. As of Mar 31, 2013, return on average assets and return on average equity were 0.91% and 9.19%, respectively, increasing from 0.61% and 6.47% as of Mar 31, 2012.

The Zacks Consensus Estimate for 2013 increased 1.9% to $3.69 per share over the last 60 days. For 2014, the Zacks Consensus Estimate rose by a penny to $3.90 per share over the same period.

Other Stocks to Consider

Other stocks in the banking sector that are worth a look include First Pactrust Bancorp, Inc. (BANC - Snapshot Report), Mutualfirst Financial Inc. (MFSF - Snapshot Report) and Provident Financial Holdings, Inc. (PROV - Snapshot Report) – all of which carry a Zacks Rank #1.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E HOUSECHINA EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%