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

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $77.0714.

A number of equities research analysts have recently weighed in on the company. Zacks Research cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Stephens reaffirmed an “overweight” rating and issued a $81.00 price objective (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. UBS Group set a $76.00 price objective on WSFS Financial in a research note on Monday, April 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $80.00 price objective (up from $72.00) on shares of WSFS Financial in a research note on Wednesday, May 6th. Finally, DA Davidson lifted their price objective on WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, April 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WSFS. AQR Capital Management LLC grew its stake in WSFS Financial by 102.6% during the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock worth $537,000 after purchasing an additional 5,240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in WSFS Financial by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after purchasing an additional 1,176 shares in the last quarter. Millennium Management LLC grew its stake in WSFS Financial by 230.4% during the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock worth $3,772,000 after purchasing an additional 50,717 shares in the last quarter. United Services Automobile Association acquired a new position in WSFS Financial during the 1st quarter worth $204,000. Finally, Jane Street Group LLC grew its stake in WSFS Financial by 579.0% during the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after purchasing an additional 100,171 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $71.77 on Tuesday. WSFS Financial has a 52 week low of $49.92 and a 52 week high of $73.22. The business’s fifty day simple moving average is $69.90 and its 200-day simple moving average is $63.74. The firm has a market cap of $3.73 billion, a PE ratio of 12.77 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from WSFS Financial’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. WSFS Financial’s payout ratio is presently 14.23%.

WSFS Financial Company Profile

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.