WSFS Financial Corporation (NASDAQ:WSFS) Given Consensus Rating of “Hold” by Analysts

WSFS Financial Corporation (NASDAQ:WSFS) has received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $83.0714.

WSFS has been the subject of a number of analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, July 29th. DA Davidson set a $83.00 target price on WSFS Financial and gave the company a “neutral” rating in a report on Monday, July 27th. Weiss Ratings upgraded WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 31st. Finally, Stephens downgraded shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target on the stock. in a report on Wednesday, August 12th.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $79.14 on Thursday. The firm has a market capitalization of $4.04 billion, a PE ratio of 13.23 and a beta of 0.76. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $79.43 and a two-hundred day moving average price of $72.96. WSFS Financial has a twelve month low of $49.92 and a twelve month high of $82.94.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. WSFS Financial’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 EPS. Equities analysts forecast that WSFS Financial will post 6.58 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. WSFS Financial’s dividend payout ratio is 13.38%.

Insider Transactions at WSFS Financial

In other WSFS Financial news, EVP Shari Kruzinski sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the transaction, the executive vice president directly owned 15,207 shares of the company’s stock, valued at $1,243,020.18. This trade represents a 18.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WSFS Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in WSFS Financial during the second quarter worth about $576,695,000. California State Teachers Retirement System raised its holdings in shares of WSFS Financial by 6,712.7% in the 2nd quarter. California State Teachers Retirement System now owns 4,529,142 shares of the bank’s stock valued at $347,521,000 after acquiring an additional 4,462,661 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of WSFS Financial by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 2,465,792 shares of the bank’s stock valued at $136,210,000 after acquiring an additional 32,423 shares during the last quarter. Invesco Ltd. boosted its position in shares of WSFS Financial by 6.1% during the 4th quarter. Invesco Ltd. now owns 1,066,591 shares of the bank’s stock valued at $58,918,000 after acquiring an additional 60,931 shares during the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of WSFS Financial by 2.3% during the fourth quarter. Cooke & Bieler LP now owns 1,055,902 shares of the bank’s stock worth $58,328,000 after purchasing an additional 23,946 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.