WSFS Financial Corporation (NASDAQ:WSFS) Receives $77.07 Consensus Price Target from Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $77.0714.

Several equities analysts recently issued reports on the company. Brean Capital assumed coverage on WSFS Financial in a research note on Tuesday, March 10th. They set a “buy” rating and a $74.50 price target on the stock. UBS Group set a $76.00 price objective on WSFS Financial in a research report on Monday, April 27th. Piper Sandler reissued a “neutral” rating and set a $80.00 price objective (up from $72.00) on shares of WSFS Financial in a report on Wednesday, May 6th. Stephens restated an “overweight” rating and set a $81.00 price objective (up from $79.00) on shares of WSFS Financial in a research report on Monday, April 27th. Finally, DA Davidson upped their target price on WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, April 27th.

Institutional Trading of WSFS Financial

Several institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC raised its position in WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after purchasing an additional 207 shares in the last quarter. NewEdge Advisors LLC bought a new position in WSFS Financial during the fourth quarter worth about $33,000. Torren Management LLC acquired a new stake in WSFS Financial during the fourth quarter valued at approximately $35,000. Clearstead Advisors LLC grew its stake in shares of WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after purchasing an additional 489 shares during the period. Finally, Quarry LP grew its stake in shares of WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $72.15 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.84 and a beta of 0.76. The company’s fifty day moving average is $70.04 and its two-hundred day moving average is $63.96. WSFS Financial has a 52-week low of $49.92 and a 52-week high of $73.22.

WSFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.20 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s dividend payout ratio is currently 14.23%.

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.