WSFS Financial - WSFS Stock Forecast, Price & News

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. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial real estate mortgage loans; commercial construction loans to developers; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement, automobile, and other secured and unsecured personal installment loans, as well as home equity lines and unsecured lines of credit, and government-insured reverse mortgages. In addition, it offers various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; investment advisory services to high net worth individuals and institutions; mortgage and title services; and leases small equipment and fixed assets, as well as cash management, trust, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, ATM processing equipment sales, and deposit safe cash logistics services. As of December 31, 2020, it operated 112 offices, including 52 in Pennsylvania, 42 in Delaware, 16 in New Jersey, 1 in Virginia, and 1 in Nevada. The company was founded in 1832 and is headquartered in Wilmington, Delaware.

WSFS Financial Stock Performance

NASDAQ:WSFS traded up $0.87 on Friday, hitting $48.36. The company's stock had a trading volume of 227,013 shares, compared to its average volume of 298,900. The company has a current ratio of 0.76, a quick ratio of 0.77 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $42.10 and a two-hundred day moving average of $45.06. The firm has a market capitalization of $3.06 billion, a P/E ratio of 14.57 and a beta of 1.12. WSFS Financial has a one year low of $37.03 and a one year high of $56.30.

WSFS Financial (NASDAQ:WSFS - Get Rating) last issued its quarterly earnings results on Monday, July 25th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.10. WSFS Financial had a return on equity of 9.91% and a net margin of 23.44%. During the same quarter in the prior year, the company earned $2.00 EPS. Research analysts predict that WSFS Financial will post 4.33 earnings per share for the current year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. This is an increase from WSFS Financial's previous quarterly dividend of $0.13. WSFS Financial's dividend payout ratio is currently 18.07%.

Wall Street Analysts Forecast Growth

WSFS has been the topic of several analyst reports. Stephens dropped their target price on WSFS Financial from $53.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, April 25th. DA Davidson reiterated a "neutral" rating on shares of WSFS Financial in a report on Wednesday, July 27th. Piper Sandler upped their target price on WSFS Financial to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Finally, StockNews.com upgraded WSFS Financial from a "sell" rating to a "hold" rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, WSFS Financial has a consensus rating of "Hold" and an average target price of $55.00.