Analysts Set WSFS Financial Corporation (NASDAQ:WSFS) Price Target at $65.40

WSFS Financial Corporation (NASDAQ:WSFS) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $65.40.

A number of research analysts have issued reports on the company. TD Cowen began coverage on WSFS Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective for the company. DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Cowen reissued a “buy” rating on shares of WSFS Financial in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, October 8th. Finally, Piper Sandler set a $62.00 target price on shares of WSFS Financial and gave the stock a “neutral” rating in a report on Wednesday, December 17th.

Institutional Trading of WSFS Financial

Several institutional investors have recently added to or reduced their stakes in the business. First Horizon Corp purchased a new position in shares of WSFS Financial in the third quarter worth $31,000. Quarry LP increased its holdings in WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after buying an additional 500 shares in the last quarter. CWM LLC raised its position in WSFS Financial by 31.2% in the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after buying an additional 219 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in WSFS Financial by 265.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after acquiring an additional 706 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in WSFS Financial by 618.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock valued at $69,000 after acquiring an additional 1,076 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Trading Up 2.7%

NASDAQ:WSFS opened at $56.54 on Friday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 11.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.84. WSFS Financial has a one year low of $42.44 and a one year high of $59.67. The company’s 50-day simple moving average is $55.48 and its 200 day simple moving average is $55.58.

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

WSFS Financial Announces Dividend

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

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.