WSFS Financial Corporation (NASDAQ:WSFS) Receives $65.40 Average PT from Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $69.00.

Several analysts recently issued reports on WSFS shares. TD Cowen restated a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods upped their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. Finally, Stephens reissued an “overweight” rating and issued a $71.00 target price (up previously from $66.00) on shares of WSFS Financial in a research report on Wednesday, January 28th.

WSFS Financial Stock Up 2.0%

WSFS stock opened at $67.68 on Wednesday. WSFS Financial has a one year low of $42.44 and a one year high of $68.00. The firm has a market cap of $3.70 billion, a PE ratio of 13.27 and a beta of 0.79. The firm’s 50 day moving average price is $57.66 and its 200-day moving average price is $55.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, January 26th. The bank reported $1.43 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 company had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that WSFS Financial will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.0%. The ex-dividend date is Friday, February 13th. WSFS Financial’s payout ratio is currently 13.33%.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors have recently bought and sold shares of WSFS. First Horizon Corp purchased a new stake in WSFS Financial during the third quarter worth about $31,000. Torren Management LLC acquired a new position in shares of WSFS Financial in the fourth quarter valued at approximately $35,000. Quarry LP increased its stake in WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after buying an additional 500 shares during the period. CWM LLC increased its stake in WSFS Financial by 31.2% during 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 period. Finally, EverSource Wealth Advisors LLC lifted its holdings in WSFS Financial by 265.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after buying an additional 706 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

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.