Brokerages Set WSFS Financial Corporation (NASDAQ:WSFS) PT at $66.25

WSFS Financial Corporation (NASDAQ:WSFS) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $66.25.

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

WSFS Financial Stock Performance

WSFS stock opened at $58.06 on Tuesday. The stock has a market capitalization of $3.17 billion, a PE ratio of 11.97 and a beta of 0.83. The stock’s 50 day simple moving average is $54.32 and its 200 day simple moving average is $55.12. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $59.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The company had revenue of $161.68 million for the quarter. As a group, research analysts forecast 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 was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. WSFS Financial’s dividend payout ratio is presently 14.02%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WSFS. First Horizon Corp purchased a new stake in shares of WSFS Financial in the 3rd quarter worth $31,000. Quarry LP grew 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 valued at $44,000 after acquiring an additional 500 shares during the period. CWM LLC increased its holdings in WSFS Financial by 31.2% in the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in WSFS Financial by 265.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after acquiring an additional 706 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of WSFS Financial by 618.4% in the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after purchasing an additional 1,076 shares during the period. 88.49% of the stock is currently owned by institutional investors.

About WSFS Financial

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.