WSFS Financial Corporation (NASDAQ:WSFS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• WSFS Financial Corporation has received a consensus rating of "Moderate Buy" from five analysts, with two holds and three buy recommendations.
• The average 12-month price target for WSFS Financial is $66.25, while TD Cowen has set a target of $67.00 and DA Davidson has raised their target to $70.00.
• WSFS Financial reported $1.27 EPS for the last quarter, surpassing expectations, and their quarterly revenue increased by 0.6% compared to the same period last year.

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $66.25.

Several analysts have commented on the stock. TD Cowen assumed coverage on shares of WSFS Financial in a research note on Thursday. They issued a "buy" rating and a $67.00 price target on the stock. Wall Street Zen cut shares of WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Finally, DA Davidson upped their target price on shares of WSFS Financial from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 28th.

WSFS Financial Trading Up 0.7%

Shares of WSFS Financial stock traded up $0.39 during trading on Thursday, reaching $55.12. 28,268 shares of the stock were exchanged, compared to its average volume of 330,335. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average is $56.27 and its 200 day moving average is $53.86. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 12.08 and a beta of 0.91. WSFS Financial has a 1 year low of $42.44 and a 1 year high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $267.50 million during the quarter, compared to analyst estimates of $221.93 million. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. WSFS Financial's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. As a group, equities research analysts expect that WSFS Financial will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. WSFS Financial's dividend payout ratio (DPR) is currently 14.91%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in WSFS Financial during the 2nd quarter worth $36,860,000. Boston Partners acquired a new stake in WSFS Financial during the 1st quarter worth approximately $17,668,000. Nuveen LLC acquired a new position in shares of WSFS Financial in the first quarter valued at approximately $12,090,000. Edgestream Partners L.P. acquired a new position in shares of WSFS Financial in the second quarter valued at approximately $8,834,000. Finally, Cooke & Bieler LP increased its stake in shares of WSFS Financial by 14.0% during the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock worth $46,283,000 after acquiring an additional 109,519 shares during the period. Hedge funds and other institutional investors own 88.49% of the company's stock.

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.

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