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

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $69.00.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Piper Sandler lifted their price target on shares of WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Stephens reissued an “overweight” rating and set a $71.00 price objective (up previously from $66.00) on shares of WSFS Financial in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. Finally, Zacks Research raised WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th.

WSFS Financial Stock Performance

WSFS stock opened at $67.66 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. WSFS Financial has a 1 year low of $42.44 and a 1 year high of $71.32. The company has a market cap of $3.70 billion, a P/E ratio of 13.27 and a beta of 0.79. The stock’s fifty day moving average price is $60.71 and its 200-day moving average price is $57.00.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The business had revenue of $90.08 million during the quarter, compared to the consensus estimate of $267.36 million. During the same period in the previous year, the company posted $1.11 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that WSFS Financial will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 13th. WSFS Financial’s dividend payout ratio is currently 13.33%.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Shari Kruzinski sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.10, for a total value of $70,100.00. Following the completion of the transaction, the executive vice president directly owned 14,740 shares in the company, valued at $1,033,274. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur J. Bacci sold 2,005 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $70.51, for a total transaction of $141,372.55. Following the sale, the executive vice president owned 26,366 shares in the company, valued at $1,859,066.66. The trade was a 7.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,455 shares of company stock valued at $242,923 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WSFS Financial

A number of hedge funds have recently made changes to their positions in WSFS. Invesco Ltd. raised its stake in WSFS Financial by 6.1% during the 4th quarter. Invesco Ltd. now owns 1,066,591 shares of the bank’s stock valued at $58,918,000 after purchasing an additional 60,931 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in WSFS Financial by 18.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,123 shares of the bank’s stock valued at $283,000 after buying an additional 798 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in WSFS Financial during the 4th quarter valued at approximately $33,000. Empowered Funds LLC bought a new stake in shares of WSFS Financial during the fourth quarter valued at approximately $100,000. Finally, XTX Topco Ltd purchased a new position in shares of WSFS Financial in the fourth quarter worth $1,372,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

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.