WSFS Financial Corporation (NASDAQ:WSFS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $81.6429.

Several equities research analysts have recently weighed in on WSFS shares. UBS Group set a $76.00 price target on WSFS Financial in a research note on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and issued a $82.00 price objective (up from $77.00) on shares of WSFS Financial in a research note on Wednesday, April 29th. Stephens reiterated an “overweight” rating and issued a $87.00 target price on shares of WSFS Financial in a report on Monday. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday. Finally, DA Davidson set a $83.00 price target on shares of WSFS Financial and gave the stock a “neutral” rating in a research report on Monday.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $81.80 on Wednesday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 13.68 and a beta of 0.76. WSFS Financial has a twelve month low of $49.92 and a twelve month high of $82.30. The stock has a fifty day simple moving average of $75.49 and a 200 day simple moving average of $69.20. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping the consensus estimate of $1.50 by $0.16. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. Sell-side analysts expect that WSFS Financial will post 6.39 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid 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 is Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.38%.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 65,446 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total value of $4,850,203.06. Following the transaction, the chief executive officer owned 186,088 shares in the company, valued at $13,790,981.68. The trade was a 26.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of WSFS Financial

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC raised its position in shares of WSFS Financial by 92.4% in the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after acquiring an additional 207 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of WSFS Financial during the 4th quarter valued at about $33,000. Torren Management LLC bought a new stake in shares of WSFS Financial during the 4th quarter valued at about $35,000. Clearstead Advisors LLC grew its stake in WSFS Financial by 167.5% during the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after purchasing an additional 489 shares during the period. Finally, Quarry LP grew its stake in WSFS Financial by 159.7% during the third quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after purchasing an additional 500 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.