WSFS Financial Corporation (NASDAQ:WSFS) Receives Average Recommendation of "Moderate Buy" from Analysts

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $77.0714.

A number of equities analysts have commented on WSFS shares. Brean Capital started coverage on shares of WSFS Financial in a research note on Tuesday, March 10th. They set a "buy" rating and a $74.50 target price on the stock. Stephens reaffirmed an "overweight" rating and set a $81.00 target price (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. TD Cowen reaffirmed a "buy" rating and set a $82.00 target price (up from $77.00) on shares of WSFS Financial in a research note on Wednesday, April 29th. Weiss Ratings reiterated a "buy (b-)" rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of WSFS Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th.

Insider Activity

In other news, EVP Arthur J. Bacci sold 2,005 shares of the business's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president directly owned 26,366 shares of the company's stock, valued at approximately $1,859,066.66. The trade was a 7.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On WSFS Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its stake in shares of WSFS Financial by 11.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank's stock valued at $88,000 after acquiring an additional 163 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of WSFS Financial by 0.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank's stock valued at $3,782,000 after acquiring an additional 198 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of WSFS Financial by 7.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank's stock valued at $152,000 after acquiring an additional 203 shares during the period. Root Financial Partners LLC boosted its stake in shares of WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank's stock valued at $28,000 after purchasing an additional 207 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of WSFS Financial by 7.2% in the third quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank's stock valued at $177,000 after purchasing an additional 218 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Price Performance

Shares of WSFS stock opened at $72.06 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84. The firm's 50-day moving average is $66.84 and its two-hundred day moving average is $61.21. WSFS Financial has a 12 month low of $49.92 and a 12 month high of $73.22. The company has a market capitalization of $3.75 billion, a PE ratio of 12.82 and a beta of 0.77.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.20 dividend. This is a positive change from WSFS Financial's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. WSFS Financial's payout ratio is presently 12.10%.

About WSFS Financial

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.

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