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

WSFS Financial Corporation (NASDAQ:WSFS) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $66.25.

A number of brokerages have recently weighed in on WSFS. TD Cowen began coverage on WSFS Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target for the company. DA Davidson increased their price objective on WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, October 8th.

Institutional Trading of WSFS Financial

Large investors have recently made changes to their positions in the stock. CWM LLC boosted its stake in shares of WSFS Financial by 72.7% during the first quarter. CWM LLC now owns 701 shares of the bank’s stock valued at $36,000 after acquiring an additional 295 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in WSFS Financial by 265.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after buying an additional 706 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in WSFS Financial by 618.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after buying an additional 1,076 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in WSFS Financial by 17.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after buying an additional 212 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in WSFS Financial in the 2nd quarter worth about $82,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Trading Up 2.0%

Shares of WSFS stock opened at $51.34 on Monday. WSFS Financial has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The stock has a market cap of $2.87 billion, a P/E ratio of 11.26 and a beta of 0.86. The business has a fifty day simple moving average of $55.42 and a 200-day simple moving average of $54.10. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The business had revenue of $161.68 million during the quarter. On average, analysts forecast that WSFS Financial will post 4.47 earnings per share for the current fiscal year.

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.