WSFS Financial Corporation (NASDAQ:WSFS) Receives $66.25 Average PT from Analysts

WSFS Financial Corporation (NASDAQ:WSFS) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research 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 covered the stock in the last year is $66.25.

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research report on Tuesday, October 28th. TD Cowen assumed coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price target for the company. Finally, DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th.

WSFS Financial Stock Up 0.0%

Shares of WSFS stock opened at $54.05 on Friday. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $62.75. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $53.80 and a 200-day moving average of $54.82. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.14 and a beta of 0.93.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. The firm had revenue of $161.68 million during the quarter. As a group, equities research analysts predict that WSFS Financial will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 7th. WSFS Financial’s payout ratio is presently 14.02%.

Hedge Funds Weigh In On WSFS Financial

Several hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its holdings in WSFS Financial by 46.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 89,669 shares of the bank’s stock worth $4,836,000 after acquiring an additional 28,471 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in WSFS Financial by 1.2% during the third quarter. CANADA LIFE ASSURANCE Co now owns 57,066 shares of the bank’s stock worth $3,096,000 after acquiring an additional 687 shares in the last quarter. PharVision Advisers LLC acquired a new stake in WSFS Financial in the third quarter valued at $231,000. Verition Fund Management LLC acquired a new position in shares of WSFS Financial during the 3rd quarter worth about $1,458,000. Finally, Quarry LP increased its stake in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.