WSFS Financial Corporation (NASDAQ:WSFS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $66.25.

WSFS has been the subject of several recent analyst reports. TD Cowen initiated coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective for the company. DA Davidson lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of WSFS Financial in a research report on Tuesday, October 28th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. First Horizon Corp bought a new stake in WSFS Financial during the third quarter valued at approximately $31,000. CWM LLC raised its position in shares of 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 buying an additional 295 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of WSFS Financial by 265.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after acquiring an additional 706 shares during the last quarter. Farther Finance Advisors LLC grew its position in WSFS Financial by 618.4% in the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock valued at $79,000 after acquiring an additional 212 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Stock Down 0.6%

Shares of NASDAQ WSFS opened at $54.36 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $2.97 billion, a PE ratio of 11.21 and a beta of 0.93. WSFS Financial has a one year low of $42.44 and a one year high of $62.75. The business’s fifty day moving average price is $54.16 and its 200-day moving average price is $54.77.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The firm had revenue of $161.68 million during the quarter. On average, equities research analysts anticipate that WSFS Financial will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. WSFS Financial’s dividend payout ratio (DPR) is presently 14.02%.

About WSFS Financial

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.