WSFS Financial Corporation (NASDAQ:WSFS) Receives $71.42 Consensus PT from Analysts

WSFS Financial Corporation (NASDAQ:WSFS) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $71.4167.

A number of brokerages recently commented on WSFS. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Brean Capital began coverage on WSFS Financial in a research report on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price target on the stock. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th. Piper Sandler raised their price target on WSFS Financial from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, Stephens restated an “overweight” rating and issued a $71.00 price target (up from $66.00) on shares of WSFS Financial in a research report on Wednesday, January 28th.

Insider Buying and Selling

In other WSFS Financial news, EVP Arthur J. Bacci sold 2,005 shares of WSFS Financial stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $70.51, for a total value of $141,372.55. Following the transaction, the executive vice president owned 26,366 shares in the company, valued at $1,859,066.66. The trade was a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shari Kruzinski sold 1,000 shares of WSFS Financial stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $70.10, for a total value of $70,100.00. Following the completion of the transaction, the executive vice president owned 14,740 shares in the company, valued at approximately $1,033,274. This represents a 6.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,455 shares of company stock worth $242,923. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WSFS. Norges Bank bought a new position in WSFS Financial in the fourth quarter valued at about $39,193,000. Vaughan Nelson Investment Management L.P. bought a new position in WSFS Financial in the first quarter valued at about $34,313,000. Goldman Sachs Group Inc. grew its position in WSFS Financial by 71.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 470,191 shares of the bank’s stock valued at $25,973,000 after acquiring an additional 195,979 shares during the last quarter. Citadel Advisors LLC grew its position in WSFS Financial by 1,190.1% in the third quarter. Citadel Advisors LLC now owns 153,234 shares of the bank’s stock valued at $8,264,000 after acquiring an additional 141,356 shares during the last quarter. Finally, Cooke & Bieler LP grew its position in WSFS Financial by 15.5% in the third quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock valued at $55,653,000 after acquiring an additional 138,220 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Up 1.6%

WSFS stock opened at $70.41 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 13.81 and a beta of 0.75. The business’s fifty day moving average price is $65.85 and its two-hundred day moving average price is $59.59. WSFS Financial has a fifty-two week low of $47.26 and a fifty-two week high of $72.14.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The company had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter last year, the business earned $1.11 earnings per share. WSFS Financial’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that WSFS Financial will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.17 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.33%.

WSFS Financial Company Profile

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.