WSFS Financial Corporation (NASDAQ:WSFS) Receives $77.07 Consensus Target Price from Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $77.0714.

Several analysts have commented on WSFS shares. Keefe, Bruyette & Woods upped their target price on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. DA Davidson upped their target price on shares of WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Piper Sandler reiterated a “neutral” rating and set a $80.00 target price (up from $72.00) on shares of WSFS Financial in a research report on Wednesday, May 6th. Stephens reiterated an “overweight” rating and set a $81.00 target price (up from $79.00) on shares of WSFS Financial in a research report on Monday, April 27th. Finally, Zacks Research cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th.

Institutional Trading of WSFS Financial

Several institutional investors and hedge funds have recently made changes to their positions in WSFS. Root Financial Partners LLC raised its position in shares of WSFS Financial by 92.4% during the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after acquiring an additional 207 shares during the last quarter. First Horizon Corp bought a new stake in shares of WSFS Financial in the 3rd quarter valued at $31,000. NewEdge Advisors LLC bought a new stake in shares of WSFS Financial in the 4th quarter valued at $33,000. Torren Management LLC bought a new stake in shares of WSFS Financial in the 4th quarter valued at $35,000. Finally, Clearstead Advisors LLC increased its position in shares of WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after buying an additional 489 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Up 1.2%

NASDAQ:WSFS opened at $70.55 on Friday. The stock’s fifty day moving average price is $67.39 and its two-hundred day moving average price is $61.84. WSFS Financial has a 52-week low of $49.92 and a 52-week high of $73.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 12.55 and a beta of 0.77.

WSFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s dividend 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.