WSFS Financial Corporation (NASDAQ:WSFS – Get Free Report) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $83.0714.
Several brokerages have issued reports on WSFS. Keefe, Bruyette & Woods upped their price objective on WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price target (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. TD Cowen reissued a “buy” rating on shares of WSFS Financial in a research report on Wednesday, July 29th. Finally, DA Davidson set a $83.00 price objective on WSFS Financial and gave the stock a “neutral” rating in a research note on Monday, July 27th.
Read Our Latest Stock Report on WSFS Financial
WSFS Financial Price Performance
WSFS Financial (NASDAQ:WSFS – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping the consensus estimate of $1.50 by $0.16. The business had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. Equities analysts expect that WSFS Financial will post 6.58 EPS for the current fiscal year.
WSFS Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. WSFS Financial’s dividend payout ratio is currently 13.38%.
Insider Buying and Selling
In related news, CEO Rodger Levenson sold 65,446 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the transaction, the chief executive officer directly owned 186,088 shares in the company, valued at $13,790,981.68. This represents a 26.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shari Kruzinski sold 3,500 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the sale, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. This represents a 18.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On WSFS Financial
Several institutional investors have recently modified their holdings of WSFS. BlackRock Inc. bought a new stake in WSFS Financial in the 2nd quarter valued at about $576,695,000. Pzena Investment Management LLC acquired a new position in WSFS Financial during the 2nd quarter valued at about $68,174,000. Norges Bank bought a new position in WSFS Financial in the 4th quarter worth about $39,193,000. Bank of America Corp DE bought a new position in WSFS Financial in the 2nd quarter worth about $49,574,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of WSFS Financial in the first quarter valued at approximately $34,313,000. Institutional investors own 88.49% of the company’s stock.
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.
See Also
- Five stocks we like better than WSFS Financial
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
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.
