WSFS Financial Co. (NASDAQ:WSFS) - Research analysts at DA Davidson upped their FY2021 EPS estimates for WSFS Financial in a research report issued on Tuesday, October 27th. DA Davidson analyst R. Gunther now forecasts that the bank will post earnings per share of $2.63 for the year, up from their prior forecast of $2.60.
Several other analysts have also recently commented on WSFS. Piper Sandler upped their target price on WSFS Financial from $33.00 to $36.00 and gave the company an "overweight" rating in a report on Monday. Zacks Investment Research upgraded WSFS Financial from a "sell" rating to a "hold" rating in a report on Friday, October 23rd. ValuEngine upgraded WSFS Financial from a "sell" rating to a "hold" rating in a report on Thursday, July 2nd. Finally, BidaskClub upgraded WSFS Financial from a "strong sell" rating to a "sell" rating in a report on Friday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. WSFS Financial currently has an average rating of "Hold" and an average price target of $39.00.
Shares of WSFS stock opened at $30.63 on Wednesday. The business's 50 day simple moving average is $28.74 and its 200 day simple moving average is $27.86. WSFS Financial has a one year low of $17.84 and a one year high of $45.00. The stock has a market capitalization of $1.55 billion, a PE ratio of 15.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.92. WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, October 22nd. The bank reported $1.00 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.79 by $0.21. WSFS Financial had a return on equity of 4.91% and a net margin of 13.83%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. FDx Advisors Inc. purchased a new stake in WSFS Financial in the 1st quarter valued at $25,000. Harbor Investment Advisory LLC raised its position in WSFS Financial by 152.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 973 shares of the bank's stock valued at $26,000 after buying an additional 588 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in WSFS Financial in the 3rd quarter valued at $55,000. Advisors Asset Management Inc. purchased a new stake in shares of WSFS Financial during the 2nd quarter valued at $64,000. Finally, Advisor Group Holdings Inc. increased its position in shares of WSFS Financial by 2,589.9% during the 2nd quarter. Advisor Group Holdings Inc. now owns 3,470 shares of the bank's stock valued at $99,000 after purchasing an additional 3,341 shares during the last quarter. Institutional investors own 83.76% of the company's stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, November 4th. WSFS Financial's dividend payout ratio is currently 12.83%.
About WSFS Financial
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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