WSFS Financial Corporation (NASDAQ:WSFS) Receives Consensus Rating of “Moderate Buy” from Analysts

WSFS Financial Corporation (NASDAQ:WSFS) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $69.00.

A number of brokerages recently weighed in on WSFS. DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Stephens restated an “overweight” rating and issued a $71.00 price target (up previously from $66.00) on shares of WSFS Financial in a research report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday. Finally, Piper Sandler boosted their target price on shares of WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday.

Institutional Investors Weigh In On WSFS Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bryn Mawr Trust Advisors LLC acquired a new position in shares of WSFS Financial during the third quarter valued at $1,051,000. Boston Partners increased its position in WSFS Financial by 2.0% in the second quarter. Boston Partners now owns 350,327 shares of the bank’s stock worth $19,240,000 after purchasing an additional 6,755 shares during the period. Strid Group LLC acquired a new position in WSFS Financial during the 2nd quarter valued at about $281,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of WSFS Financial in the 2nd quarter valued at about $227,000. Finally, Planning Directions Inc. acquired a new stake in shares of WSFS Financial during the 2nd quarter worth approximately $339,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Trading Up 0.0%

Shares of NASDAQ:WSFS opened at $64.73 on Wednesday. The company has a 50 day moving average of $57.22 and a 200-day moving average of $55.80. The firm has a market cap of $3.54 billion, a P/E ratio of 12.69 and a beta of 0.79. WSFS Financial has a twelve month low of $42.44 and a twelve month high of $65.09. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.17. The firm had revenue of $90.08 million for the quarter, compared to analyst estimates of $267.36 million. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.WSFS Financial’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share. As a group, analysts anticipate that WSFS Financial will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. WSFS Financial’s dividend payout ratio (DPR) is 13.33%.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.