WSFS Financial Corporation (WSFS) – What Are Analysts Saying About This Stock?

WSFS Financial Corporation (NASDAQ:WSFS) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $84.07.

Several research analysts have recently weighed in on WSFS shares. Weiss Ratings raised WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 31st. Stephens downgraded shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target on the stock. in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods raised their target price on WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, July 27th. DA Davidson set a $83.00 price target on shares of WSFS Financial and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, TD Cowen decreased their price target on shares of WSFS Financial from $92.00 to $89.00 and set a “buy” rating for the company in a research report on Monday, October 5th.

Insiders Place Their Bets

In other WSFS Financial news, Director Michael Donahue sold 3,247 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $79.46, for a total value of $258,006.62. Following the completion of the sale, the director owned 11,495 shares in the company, valued at approximately $913,392.70. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Shari Kruzinski sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the transaction, the executive vice president owned 15,207 shares in the company, valued at approximately $1,243,020.18. The trade was a 18.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On WSFS Financial

Several hedge funds have recently added to or reduced their stakes in WSFS. BlackRock Inc. bought a new position in WSFS Financial during the second quarter valued at approximately $576,695,000. Pzena Investment Management LLC bought a new position in shares of WSFS Financial in the 2nd quarter worth approximately $68,174,000. Norges Bank bought a new stake in shares of WSFS Financial during the 4th quarter valued at $39,193,000. Bank of America Corp DE purchased a new position in WSFS Financial during the second quarter valued at $49,574,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in WSFS Financial in the first quarter worth about $34,313,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 0.0%

NASDAQ WSFS opened at $75.39 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $78.93 and its 200 day simple moving average is $74.97. WSFS Financial has a one year low of $49.92 and a one year high of $82.94. The firm has a market cap of $3.85 billion, a PE ratio of 12.61 and a beta of 0.84.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.16. The firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 EPS. As a group, sell-side analysts forecast that WSFS Financial will post 6.59 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.38%.

About WSFS Financial

WSFS Financial Corporation is the parent company of WSFS Bank, a community-focused financial institution headquartered in Wilmington, Delaware. Founded in 1832 as the Wilmington Savings Fund Society, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS provides a range of banking services for consumers, businesses, and institutions, including checking and savings accounts, residential and commercial lending, mortgages, credit cards, treasury management, and digital banking.