WSFS Financial Corporation (NASDAQ:WSFS) Receives $66.25 Average Price Target from Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $66.25.

WSFS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, October 8th. Cowen restated a “buy” rating on shares of WSFS Financial in a research note on Tuesday, October 28th. TD Cowen began coverage on WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target for the company. Finally, DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th.

Hedge Funds Weigh In On WSFS Financial

Large investors have recently added to or reduced their stakes in the company. First Horizon Corp bought a new stake in WSFS Financial during the third quarter valued at $31,000. Quarry LP grew its position in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after buying an additional 500 shares during the last quarter. CWM LLC raised its stake in WSFS Financial by 31.2% during the second quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after acquiring an additional 219 shares during the period. EverSource Wealth Advisors LLC raised its stake in WSFS Financial by 265.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after acquiring an additional 706 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in WSFS Financial by 618.4% in the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after acquiring an additional 1,076 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $57.47 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.09. WSFS Financial has a fifty-two week low of $42.44 and a fifty-two week high of $59.67. The business has a 50 day moving average price of $54.18 and a two-hundred day moving average price of $55.03. The firm has a market cap of $3.14 billion, a PE ratio of 11.85 and a beta of 0.83.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The company had revenue of $161.68 million during the quarter. Sell-side analysts expect that WSFS Financial will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 7th. WSFS Financial’s payout ratio is 14.02%.

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.