WSFS Financial (NASDAQ:WSFS) Hits New 1-Year High – Here’s Why

WSFS Financial Corporation (NASDAQ:WSFS) reached a new 52-week high on Wednesday . The stock traded as high as $61.84 and last traded at $61.67, with a volume of 679311 shares changing hands. The stock had previously closed at $57.92.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price objective on WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. Stephens restated an “overweight” rating and set a $71.00 target price (up previously from $66.00) on shares of WSFS Financial in a research note on Wednesday. DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, TD Cowen reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

WSFS Financial Stock Up 4.0%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $57.04 and a two-hundred day simple moving average of $55.78. The firm has a market capitalization of $3.54 billion, a P/E ratio of 12.69 and a beta of 0.80.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The firm had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.68 annualized dividend and a yield of 1.1%. WSFS Financial’s payout ratio is presently 13.33%.

Institutional Investors Weigh In On WSFS Financial

Several large investors have recently made changes to their positions in WSFS. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in WSFS Financial by 0.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank’s stock valued at $3,782,000 after buying an additional 198 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of WSFS Financial by 7.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank’s stock worth $152,000 after acquiring an additional 203 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of WSFS Financial by 17.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock valued at $79,000 after acquiring an additional 212 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 in the last quarter. Finally, CWM LLC grew its holdings in shares of WSFS Financial by 31.2% in the second quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after purchasing an additional 219 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

WSFS Financial Company Profile

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.