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.
Further Reading: Bear Market - How and Why They Occur
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Best Growth Stocks - Best Stocks to Buy Now
The stock market has been growing since the New York Stock Exchange opened its doors in 1817. Sometimes, a stock will outpace the rest of the market in terms of growth. These skyrocketing securities—or the ones that analysts expect to skyrocket—are called growth stocks.
What Every Investor Needs to Know About Growth Stocks
Growth stocks are a great opportunity for an investor to make money in the stock market, but you’ve got to know what you’re going to buy or sell. A good understanding of growth stocks will help you get there.
At the beginning of a bull market, you can almost choose stocks randomly and find yourself a winner. Now that we are entering the ninth year of the current bull market, growth stocks have appreciated considerably and it's becoming far more challenging to find stocks with real opportunities for appreciation.
Growth companies are still largely outperforming their value counterparts in the United States and the rest of the world largely because of low interest rates, improved corporate earnings and global economic growth. Over the last five years, the S&P 500 Growth Index has returned 14.22% per year. During the same time, the S&P 500 Value Index returned just 12.94%.
Now that the bull market is now nearly a decade old, stocks have become very expensive. Value investors are largely sitting on the sidelines and growth investors are having a hard time figuring out where the remaining growth opportunities exist.
If you are looking for growth stocks in an increasingly small field, we have identified the 10 best growth stocks to buy right now based on their expected earnings growth over the next several years. These companies are all growing rapidly and will likely see double-digit earnings growth next year.
View the "Best Growth Stocks - Best Stocks to Buy Now".