WSFS Financial Corporation (NASDAQ:WSFS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $69.80.

Several research analysts recently weighed in on the company. DA Davidson initiated coverage on WSFS Financial in a research report on Wednesday. They set a “neutral” rating and a $74.00 price target for the company. Piper Sandler raised their price objective on shares of WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. Finally, TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th.

Insiders Place Their Bets

In other news, EVP Shari Kruzinski sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total transaction of $70,100.00. Following the transaction, the executive vice president owned 14,740 shares in the company, valued at $1,033,274. This trade represents a 6.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James J. Wechsler sold 450 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $69.89, for a total transaction of $31,450.50. Following the completion of the sale, the executive vice president directly owned 5,777 shares of the company’s stock, valued at approximately $403,754.53. The trade was a 7.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,455 shares of company stock worth $242,923. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of WSFS Financial

Institutional investors have recently modified their holdings of the stock. Bryn Mawr Trust Advisors LLC purchased a new stake in WSFS Financial in the 3rd quarter valued at $1,051,000. Boston Partners raised its holdings in shares of WSFS Financial by 2.0% during the 2nd quarter. Boston Partners now owns 350,327 shares of the bank’s stock worth $19,240,000 after acquiring an additional 6,755 shares during the period. Cooke & Bieler LP boosted its position in shares of WSFS Financial by 15.5% during the 3rd quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock valued at $55,653,000 after acquiring an additional 138,220 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of WSFS Financial by 46.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 89,669 shares of the bank’s stock valued at $4,836,000 after purchasing an additional 28,471 shares during the period. Finally, Planning Directions Inc. acquired a new stake in WSFS Financial during the second quarter worth about $339,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $63.51 on Friday. WSFS Financial has a twelve month low of $42.44 and a twelve month high of $71.32. The company’s 50 day moving average is $61.48 and its 200 day moving average is $57.40. 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 market cap of $3.47 billion, a PE ratio of 12.45 and a beta of 0.79.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.26 by $0.17. The company had revenue of $90.08 million for the quarter, compared to analyst estimates of $267.36 million. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.11 earnings per share. On average, sell-side analysts forecast that WSFS Financial will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. WSFS Financial’s dividend payout ratio (DPR) is 13.33%.

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.