Brokerages Set WSFS Financial Corporation (NASDAQ:WSFS) Target Price at $62.75

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) has been given a consensus recommendation of "Hold" by the five research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $62.75.

Several brokerages have recently commented on WSFS. Keefe, Bruyette & Woods reduced their price objective on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Stephens reiterated an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Wall Street Zen lowered WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th.

Institutional Investors Weigh In On WSFS Financial

A number of large investors have recently made changes to their positions in the company. KBC Group NV boosted its stake in WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after buying an additional 196 shares during the last quarter. Natixis Advisors LLC boosted its stake in WSFS Financial by 1.5% during the first quarter. Natixis Advisors LLC now owns 14,088 shares of the bank's stock valued at $731,000 after buying an additional 204 shares during the last quarter. Xponance Inc. boosted its stake in WSFS Financial by 4.9% during the first quarter. Xponance Inc. now owns 4,439 shares of the bank's stock valued at $230,000 after buying an additional 209 shares during the last quarter. Mariner LLC boosted its stake in WSFS Financial by 5.1% during the fourth quarter. Mariner LLC now owns 4,457 shares of the bank's stock valued at $237,000 after buying an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after buying an additional 252 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Stock Down 0.9%

WSFS Financial stock traded down $0.52 during trading on Friday, hitting $58.17. 299,841 shares of the company were exchanged, compared to its average volume of 309,735. The company has a market capitalization of $3.30 billion, a P/E ratio of 13.07 and a beta of 0.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $54.76 and its 200 day moving average is $53.31. WSFS Financial has a 52 week low of $42.44 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The firm had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. Analysts predict that WSFS Financial will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.17 per share. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.17%. WSFS Financial's payout ratio is presently 15.28%.

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.