WSFS Financial Corporation (NASDAQ:WSFS) Stock Has Average Target Price of $84.21 According to Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $84.21.

Several brokerages have recently weighed in on WSFS. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Stephens cut WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target on the stock. in a research report on Wednesday, August 12th. DA Davidson set a $83.00 price objective on WSFS Financial and gave the company a “neutral” rating in a research note on Monday, July 27th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Finally, Weiss Ratings raised WSFS Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, October 26th.

Insider Activity at WSFS Financial

In related 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 transaction of $258,006.62. Following the completion of the transaction, the director directly owned 11,495 shares of the company’s stock, valued at $913,392.70. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On WSFS Financial

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc purchased a new stake in shares of WSFS Financial during the 2nd quarter worth $9,147,000. WINTON GROUP Ltd purchased a new position in shares of WSFS Financial in the 2nd quarter valued at about $5,013,000. Jupiter Topco LLC purchased a new position in shares of WSFS Financial in the 2nd quarter valued at about $1,629,000. California State Teachers Retirement System boosted its holdings in WSFS Financial by 25.5% during the first quarter. California State Teachers Retirement System now owns 66,481 shares of the bank’s stock worth $4,352,000 after buying an additional 13,525 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of WSFS Financial during the 2nd quarter worth approximately $40,024,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Stock Down 0.8%

Shares of NASDAQ:WSFS opened at $79.90 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 12.80 and a beta of 0.85. The firm has a fifty day moving average price of $77.81 and a 200 day moving average price of $72.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.84 and a quick ratio of 0.84. WSFS Financial has a 1-year low of $51.40 and a 1-year high of $82.94.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.13. WSFS Financial had a net margin of 24.10% and a return on equity of 12.27%. The company had revenue of $287.57 million for the quarter, compared to the consensus estimate of $289.82 million. During the same period last year, the firm posted $1.37 EPS. WSFS Financial’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts predict that WSFS Financial will post 6.62 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 6th. WSFS Financial’s payout ratio is currently 12.58%.

WSFS Financial Company Profile

WSFS Financial Corporation is the financial holding company for WSFS Bank, a full-service community banking institution headquartered in Wilmington, Delaware. Founded in 1832, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS Bank provides a range of banking services for individuals, families, businesses and institutions. Its offerings include checking and savings accounts, consumer lending, residential mortgages, commercial loans, treasury and cash-management services, and online and mobile banking.