WSFS Financial Corporation (NASDAQ:WSFS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $65.40.

Several research firms have recently issued reports on WSFS. Piper Sandler set a $62.00 price target on WSFS Financial and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. TD Cowen raised their price target on shares of WSFS Financial from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday.

Hedge Funds Weigh In On WSFS Financial

Several hedge funds and other institutional investors have recently bought and sold shares of WSFS. First Horizon Corp bought a new stake in shares of WSFS Financial in the third quarter worth approximately $31,000. Quarry LP lifted its position in WSFS Financial by 159.7% during the third quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after purchasing an additional 500 shares during the period. CWM LLC boosted its holdings in WSFS Financial by 31.2% in the second quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after purchasing an additional 219 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in WSFS Financial by 265.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after purchasing an additional 706 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in WSFS Financial by 618.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock valued at $69,000 after buying an additional 1,076 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

Shares of WSFS opened at $56.46 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.09 billion, a P/E ratio of 11.64 and a beta of 0.80. The business’s 50 day moving average price is $55.78 and its 200-day moving average price is $55.65. WSFS Financial has a 52 week low of $42.44 and a 52 week high of $59.67.

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

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, November 7th. WSFS Financial’s dividend payout ratio (DPR) is presently 14.02%.

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.