WSFS Financial Corporation (NASDAQ:WSFS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $66.25.

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

WSFS Financial Price Performance

WSFS stock opened at $55.71 on Tuesday. The firm has a 50 day moving average of $53.99 and a 200-day moving average of $54.98. The firm has a market capitalization of $3.05 billion, a P/E ratio of 11.49 and a beta of 0.83. WSFS Financial has a 12 month low of $42.44 and a 12 month high of $60.17. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09.

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

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was 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 is presently 14.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its position in WSFS Financial by 1.5% during the first quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock valued at $731,000 after purchasing an additional 204 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of WSFS Financial by 3.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,133 shares of the bank’s stock valued at $1,200,000 after purchasing an additional 665 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of WSFS Financial by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 748,085 shares of the bank’s stock valued at $38,803,000 after buying an additional 7,501 shares in the last quarter. Deutsche Bank AG lifted its position in WSFS Financial by 29.2% in the 1st quarter. Deutsche Bank AG now owns 66,880 shares of the bank’s stock worth $3,469,000 after buying an additional 15,133 shares during the last quarter. Finally, Invesco Ltd. lifted its position in WSFS Financial by 1.6% in the 1st quarter. Invesco Ltd. now owns 969,476 shares of the bank’s stock worth $50,287,000 after buying an additional 15,281 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

About WSFS Financial

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.