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

WSFS Financial Corporation (NASDAQ:WSFS) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $62.75.

WSFS has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and set a $64.00 target price on shares of WSFS Financial in a research note on Monday, April 28th. Keefe, Bruyette & Woods reduced their price objective on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen downgraded WSFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 30th.

Institutional Trading of WSFS Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in WSFS Financial by 4.0% during the second quarter. State of Alaska Department of Revenue now owns 33,787 shares of the bank’s stock worth $1,857,000 after buying an additional 1,285 shares during the last quarter. Farther Finance Advisors LLC increased its position in WSFS Financial by 618.4% during the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after buying an additional 1,076 shares during the last quarter. Diversified Trust Co increased its position in WSFS Financial by 5.9% during the second quarter. Diversified Trust Co now owns 13,520 shares of the bank’s stock worth $744,000 after buying an additional 750 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in WSFS Financial during the second quarter worth approximately $227,000. Finally, Strs Ohio acquired a new position in WSFS Financial during the first quarter worth approximately $327,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Trading Down 0.9%

NASDAQ:WSFS opened at $58.17 on Friday. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $62.75. The firm has a market capitalization of $3.30 billion, a P/E ratio of 13.07 and a beta of 0.87. 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 business has a 50 day simple moving average of $54.76 and a 200 day simple moving average of $53.31.

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

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.17 dividend. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. WSFS Financial’s dividend payout ratio (DPR) is currently 15.28%.

WSFS Financial Company Profile

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.