WSFS Financial Corporation (NASDAQ:WSFS) Receives $69.00 Consensus Target Price from Brokerages

Shares of WSFS Financial Corporation (NASDAQ:WSFS) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $69.00.

WSFS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. Stephens reissued an “overweight” rating and set a $71.00 target price (up from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS opened at $65.51 on Friday. 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 capitalization of $3.58 billion, a P/E ratio of 12.85 and a beta of 0.79. WSFS Financial has a 12 month low of $42.44 and a 12 month high of $71.32. The stock has a 50 day moving average of $61.02 and a 200-day moving average of $57.19.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. The business had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $267.36 million. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 EPS. As a group, equities research analysts predict 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 will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.33%.

Insider Activity

In related news, EVP Shari Kruzinski sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total value of $70,100.00. Following the completion of the sale, the executive vice president directly owned 14,740 shares in the company, valued at approximately $1,033,274. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Arthur J. Bacci sold 2,005 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president directly owned 26,366 shares in the company, valued at $1,859,066.66. This represents a 7.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,455 shares of company stock worth $242,923. Corporate insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Corp acquired a new position in WSFS Financial during the 3rd quarter worth approximately $31,000. NewEdge Advisors LLC bought a new stake in shares of WSFS Financial during the fourth quarter worth $33,000. Torren Management LLC bought a new stake in shares of WSFS Financial during the fourth quarter worth $35,000. Clearstead Advisors LLC increased its holdings in shares of WSFS Financial by 167.5% during the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after buying an additional 489 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.