WSFS Financial Corporation (NASDAQ:WSFS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $65.40.

Several research firms have commented on WSFS. Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Piper Sandler set a $62.00 price objective on WSFS Financial and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, TD Cowen lifted their target price on WSFS Financial from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday.

WSFS Financial Trading Down 0.1%

Shares of WSFS Financial stock opened at $56.44 on Friday. The company has a market capitalization of $3.09 billion, a P/E ratio of 11.64 and a beta of 0.80. The stock has a fifty day simple moving average of $55.60 and a 200 day simple moving average of $55.62. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $59.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09.

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

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 7th. WSFS Financial’s dividend payout ratio (DPR) is 14.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WSFS. First Horizon Corp purchased a new position in WSFS Financial in the third quarter valued at approximately $31,000. Quarry LP raised its stake in shares of WSFS Financial by 159.7% in the third quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after buying an additional 500 shares during the period. CWM LLC lifted its position in shares of WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after buying an additional 219 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 period. Finally, Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 1,076 shares during 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.