WSFS Financial Corporation (NASDAQ:WSFS – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $77.0714.
A number of equities research analysts have weighed in on the company. DA Davidson lifted their target price on WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and set a $82.00 target price (up from $77.00) on shares of WSFS Financial in a research report on Wednesday, April 29th. Zacks Research lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. UBS Group set a $76.00 target price on WSFS Financial in a research report on Monday, April 27th. Finally, Brean Capital assumed coverage on WSFS Financial in a research report on Tuesday, March 10th. They set a “buy” rating and a $74.50 target price for the company.
View Our Latest Report on WSFS Financial
WSFS Financial Price Performance
WSFS Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.20 per share. This is a boost from WSFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. WSFS Financial’s dividend payout ratio is presently 14.23%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in WSFS. AQR Capital Management LLC raised its position in shares of WSFS Financial by 102.6% in the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock worth $537,000 after acquiring an additional 5,240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of WSFS Financial by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after acquiring an additional 1,176 shares in the last quarter. Millennium Management LLC raised its position in shares of WSFS Financial by 230.4% in the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock worth $3,772,000 after acquiring an additional 50,717 shares in the last quarter. United Services Automobile Association bought a new position in shares of WSFS Financial in the 1st quarter worth $204,000. Finally, Jane Street Group LLC raised its position in shares of WSFS Financial by 579.0% in the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after acquiring an additional 100,171 shares in the last quarter. 88.49% of the stock is owned by institutional investors.
About WSFS Financial
WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.
WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.
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