WSFS Financial Corporation (NASDAQ:WSFS – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $74.41 and last traded at $74.0550, with a volume of 12327 shares traded. The stock had previously closed at $72.15.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on WSFS. Zacks Research cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Stephens reaffirmed an “overweight” rating and issued a $81.00 price objective (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. UBS Group set a $76.00 price objective on shares of WSFS Financial in a research note on Monday, April 27th. Brean Capital began coverage on shares of WSFS Financial in a research note on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price objective on the stock. Finally, TD Cowen reaffirmed a “buy” rating and issued a $82.00 price objective (up from $77.00) on shares of WSFS Financial in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, WSFS Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.07.
Get Our Latest Stock Report on WSFS
WSFS Financial Stock Performance
WSFS Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 8th. WSFS Financial’s payout ratio is 14.23%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new position in shares of WSFS Financial in the third quarter worth approximately $1,153,000. Denali Advisors LLC purchased a new stake in shares of WSFS Financial in the fourth quarter worth approximately $2,425,000. Quantbot Technologies LP purchased a new stake in shares of WSFS Financial in the third quarter worth approximately $1,169,000. Numerai GP LLC purchased a new position in WSFS Financial during the third quarter valued at approximately $5,713,000. Finally, JPMorgan Chase & Co. grew its position in WSFS Financial by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 1,544,508 shares of the bank’s stock valued at $83,295,000 after purchasing an additional 33,398 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other 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.
Read More
- Five stocks we like better than WSFS Financial
- The Case for Intel Over Pure-Play Quantum Firms
- Apple’s Siri AI Was Finally Announced, So Why Is the Stock Tanking?
- Has Temu-Owner PDD’s Story Changed After Double Miss?
- Tanker Dividends Are Surging, But Income Investors Need to Watch the Cycle
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.
