WSFS Financial Corporation (NASDAQ:WSFS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $66.25.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in shares of WSFS Financial by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 180,933 shares of the bank’s stock worth $9,385,000 after acquiring an additional 1,971 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of WSFS Financial in the first quarter worth about $661,000. Xponance Inc. lifted its stake in shares of WSFS Financial by 4.9% in the 1st quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock valued at $230,000 after acquiring an additional 209 shares during the last quarter. CWM LLC boosted its holdings in WSFS Financial by 72.7% during the 1st quarter. CWM LLC now owns 701 shares of the bank’s stock valued at $36,000 after acquiring an additional 295 shares during the period. Finally, Cooke & Bieler LP grew its position in WSFS Financial by 14.0% during the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank’s stock worth $46,283,000 after acquiring an additional 109,519 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Price Performance

NASDAQ:WSFS opened at $53.12 on Friday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 10.95 and a beta of 0.93. WSFS Financial has a 52-week low of $42.44 and a 52-week high of $62.75. The stock has a fifty day moving average of $53.89 and a 200 day moving average of $54.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. The business 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%. On average, research analysts expect 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 will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 14.02%.

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.