WSFS Financial Corporation (NASDAQ:WSFS) Receives $62.75 Average PT from Analysts

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) has been assigned an average rating of "Hold" from the five analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $62.75.

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

Institutional Trading of WSFS Financial

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in shares of WSFS Financial by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock worth $16,856,000 after buying an additional 10,915 shares during the period. Sei Investments Co. grew its position in WSFS Financial by 58.4% in the 4th quarter. Sei Investments Co. now owns 56,359 shares of the bank's stock valued at $2,994,000 after purchasing an additional 20,784 shares during the period. Raymond James Financial Inc. acquired a new stake in WSFS Financial in the 4th quarter valued at $18,167,000. AlphaQuest LLC acquired a new stake in WSFS Financial in the 4th quarter valued at $84,000. Finally, Norges Bank acquired a new stake in WSFS Financial in the 4th quarter valued at $32,775,000. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Trading Down 0.0%

WSFS stock traded down $0.02 during trading on Wednesday, hitting $54.35. The company had a trading volume of 273,239 shares, compared to its average volume of 309,892. The business has a 50-day moving average of $52.64 and a 200-day moving average of $53.04. WSFS Financial has a one year low of $42.44 and a one year high of $62.75. The stock has a market cap of $3.09 billion, a PE ratio of 12.21 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.

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

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.17 per share. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.25%. WSFS Financial's dividend payout ratio (DPR) is 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.