WSFS Financial Corporation (NASDAQ:WSFS) Receives $62.75 Consensus PT from Brokerages

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) has received an average recommendation of "Hold" from the five analysts that are covering the stock, Marketbeat Ratings reports. Three 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 covered the stock in the last year is $62.75.

Several research firms recently commented on WSFS. Wall Street Zen downgraded WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Keefe, Bruyette & Woods cut their price target on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, Stephens restated an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its position in shares of WSFS Financial by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,320,766 shares of the bank's stock valued at $120,379,000 after buying an additional 7,591 shares during the period. JPMorgan Chase & Co. grew its stake in WSFS Financial by 309.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank's stock valued at $89,674,000 after acquiring an additional 1,276,078 shares in the last quarter. Invesco Ltd. increased its holdings in WSFS Financial by 1.6% during the 1st quarter. Invesco Ltd. now owns 969,476 shares of the bank's stock worth $50,287,000 after acquiring an additional 15,281 shares during the period. Cooke & Bieler LP lifted its stake in WSFS Financial by 14.0% in the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock worth $46,283,000 after purchasing an additional 109,519 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in WSFS Financial by 1.2% in the 4th quarter. Northern Trust Corp now owns 809,334 shares of the bank's stock worth $43,000,000 after purchasing an additional 9,542 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

WSFS Financial Stock Performance

Shares of WSFS Financial stock traded down $0.51 during trading hours on Wednesday, hitting $55.03. 547,398 shares of the company's stock traded hands, compared to its average volume of 310,873. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.37 and a beta of 0.87. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $62.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The company has a fifty day simple moving average of $52.94 and a 200-day simple moving average of $52.95.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. The business had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. WSFS Financial had a net margin of 18.86% and a return on equity of 10.06%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. Equities research analysts anticipate that WSFS Financial will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 9th. 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.