Analysts Set WSFS Financial Corporation (NASDAQ:WSFS) Target Price at $71.42

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $71.4167.

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, January 21st. Stephens reiterated an “overweight” rating and issued a $71.00 target price (up from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Zacks Research cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 28th.

WSFS Financial Trading Down 0.2%

NASDAQ:WSFS opened at $69.07 on Monday. The company has a market cap of $3.61 billion, a P/E ratio of 13.54 and a beta of 0.75. The stock’s fifty day moving average price is $65.88 and its two-hundred day moving average price is $59.41. WSFS Financial has a 1 year low of $46.30 and a 1 year high of $71.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.17. The firm had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. As a group, analysts expect that WSFS Financial will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.17 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.68 annualized dividend and a yield of 1.0%. WSFS Financial’s dividend payout ratio is currently 13.33%.

Insiders Place Their Bets

In related news, EVP Arthur J. Bacci sold 2,005 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president directly owned 26,366 shares of the company’s stock, valued at $1,859,066.66. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Shari Kruzinski sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.10, for a total transaction of $70,100.00. Following the completion of the sale, the executive vice president directly owned 14,740 shares in the company, valued at $1,033,274. This represents a 6.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,455 shares of company stock worth $242,923 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WSFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of WSFS. First Horizon Corp purchased a new stake in WSFS Financial in the third quarter valued at approximately $31,000. NewEdge Advisors LLC purchased a new stake in WSFS Financial in the fourth quarter valued at approximately $33,000. Torren Management LLC purchased a new stake in WSFS Financial in the fourth quarter valued at approximately $35,000. Clearstead Advisors LLC raised its stake in WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after purchasing an additional 489 shares in the last quarter. Finally, Quarry LP raised its stake in WSFS Financial by 159.7% in the third quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.