WSFS Financial Corporation (NASDAQ:WSFS – Get Free Report) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $83.0714.
Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their price target on WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Stephens cut WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective on the stock. in a research report on Wednesday, August 12th. DA Davidson set a $83.00 price objective on WSFS Financial and gave the company a “neutral” rating in a research note on Monday, July 27th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 target price (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Finally, TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, July 29th.
Check Out Our Latest Research Report on WSFS
WSFS Financial Stock Performance
WSFS Financial (NASDAQ:WSFS – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, beating the consensus estimate of $1.50 by $0.16. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The firm had revenue of $284.70 million during the quarter, compared to analyst estimates of $278.41 million. During the same quarter last year, the business posted $1.27 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts predict that WSFS Financial will post 6.58 EPS for the current fiscal year.
WSFS Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.38%.
Insider Buying and Selling
In other WSFS Financial news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the sale, the executive vice president owned 15,207 shares of the company’s stock, valued at approximately $1,243,020.18. The trade was a 18.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of WSFS Financial by 30.4% in the 2nd quarter. Allworth Financial LP now owns 609 shares of the bank’s stock worth $47,000 after purchasing an additional 142 shares during the period. Parkside Financial Bank & Trust grew its holdings in WSFS Financial by 11.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank’s stock valued at $88,000 after purchasing an additional 163 shares during the period. Root Financial Partners LLC increased its position in WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after buying an additional 207 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of WSFS Financial by 23.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank’s stock valued at $63,000 after buying an additional 221 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of WSFS Financial by 3.7% in the third quarter. Lido Advisors LLC now owns 6,389 shares of the bank’s stock valued at $345,000 after buying an additional 225 shares during the period. 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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