WSFS Financial Corporation (WSFS) – What Are Investment Firms Saying About This Stock?

WSFS Financial Corporation (NASDAQ:WSFS) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $84.21.

Several research analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating and issued a $90.00 target price (up from $89.00) on shares of WSFS Financial in a research report on Monday, October 26th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of WSFS Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, October 26th. Stephens downgraded shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 target price on the stock. in a research note on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods increased their target price on WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, July 27th.

Insider Transactions at WSFS Financial

In other WSFS Financial news, Director Michael Donahue sold 3,247 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $79.46, for a total transaction of $258,006.62. Following the completion of the sale, the director directly owned 11,495 shares in the company, valued at approximately $913,392.70. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On WSFS Financial

Several large investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System raised its stake in shares of WSFS Financial by 48.8% in the third quarter. Maryland State Retirement & Pension System now owns 11,339 shares of the bank’s stock valued at $857,000 after purchasing an additional 3,721 shares in the last quarter. Lido Advisors LLC lifted its position in WSFS Financial by 22.3% in the third quarter. Lido Advisors LLC now owns 8,139 shares of the bank’s stock worth $615,000 after purchasing an additional 1,484 shares during the period. Fulcrum Asset Management LLP boosted its stake in WSFS Financial by 228.4% during the third quarter. Fulcrum Asset Management LLP now owns 335 shares of the bank’s stock worth $25,000 after buying an additional 233 shares in the last quarter. Bryn Mawr Trust Advisors LLC boosted its stake in WSFS Financial by 54.6% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 13,405 shares of the bank’s stock worth $1,013,000 after buying an additional 4,736 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in WSFS Financial by 9.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 3,319 shares of the bank’s stock valued at $251,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Trading Down 2.4%

Shares of NASDAQ WSFS opened at $79.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.12. WSFS Financial has a 12 month low of $51.40 and a 12 month high of $83.30. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 12.44 and a beta of 0.85. The business has a fifty day simple moving average of $77.87 and a 200-day simple moving average of $73.03.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.13. The firm had revenue of $287.57 million for the quarter, compared to analysts’ expectations of $289.82 million. WSFS Financial had a return on equity of 12.27% and a net margin of 24.10%. WSFS Financial’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Sell-side analysts predict that WSFS Financial will post 6.62 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 6th. WSFS Financial’s payout ratio is presently 12.58%.

About WSFS Financial

WSFS Financial Corporation is the financial holding company for WSFS Bank, a full-service community banking institution headquartered in Wilmington, Delaware. Founded in 1832, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS Bank provides a range of banking services for individuals, families, businesses and institutions. Its offerings include checking and savings accounts, consumer lending, residential mortgages, commercial loans, treasury and cash-management services, and online and mobile banking.