Analysts Set WSFS Financial Corporation (NASDAQ:WSFS) Target Price at $66.25

WSFS Financial Corporation (NASDAQ:WSFS) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $66.25.

A number of research analysts have recently commented on WSFS shares. DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. Finally, TD Cowen started coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target for the company.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $54.55 on Friday. WSFS Financial has a 1 year low of $42.44 and a 1 year high of $62.75. The stock has a market capitalization of $2.98 billion, a P/E ratio of 11.25 and a beta of 0.93. The company’s 50-day moving average is $54.09 and its 200 day moving average is $54.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The business had revenue of $161.68 million for the quarter. On average, sell-side analysts expect that WSFS Financial will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. WSFS Financial’s dividend payout ratio (DPR) is currently 14.02%.

Institutional Trading of WSFS Financial

A number of hedge funds have recently made changes to their positions in the stock. First Horizon Corp bought a new position in WSFS Financial during the 3rd quarter valued at approximately $31,000. CWM LLC grew its stake in shares of WSFS Financial by 72.7% in the first quarter. CWM LLC now owns 701 shares of the bank’s stock worth $36,000 after acquiring an additional 295 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of WSFS Financial by 265.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after acquiring an additional 706 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 618.4% during the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock valued at $69,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of WSFS Financial by 17.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

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.