WSFS Financial Corporation (NASDAQ:WSFS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $66.25.

A number of brokerages have issued reports on WSFS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of WSFS Financial in a research report on Tuesday, October 28th. TD Cowen assumed coverage on WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th.

WSFS Financial Trading Up 0.3%

Shares of WSFS stock opened at $57.67 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 11.89 and a beta of 0.83. WSFS Financial has a 1 year low of $42.44 and a 1 year high of $59.67. The firm has a fifty day moving average price of $54.25 and a 200-day moving average price of $55.07.

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

WSFS Financial Announces Dividend

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

Institutional Investors Weigh In On WSFS Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its holdings in WSFS Financial by 1.5% during the 1st quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock valued at $731,000 after buying an additional 204 shares during the period. PNC Financial Services Group Inc. increased its position in WSFS Financial by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 23,133 shares of the bank’s stock valued at $1,200,000 after acquiring an additional 665 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of WSFS Financial by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,085 shares of the bank’s stock valued at $38,803,000 after acquiring an additional 7,501 shares during the period. Deutsche Bank AG lifted its holdings in shares of WSFS Financial by 29.2% in the 1st quarter. Deutsche Bank AG now owns 66,880 shares of the bank’s stock worth $3,469,000 after acquiring an additional 15,133 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of WSFS Financial by 1.6% during the 1st quarter. Invesco Ltd. now owns 969,476 shares of the bank’s stock worth $50,287,000 after purchasing an additional 15,281 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Company Profile

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.