WSFS Financial (WSFS) Stock Rating Reaffirmed by Boenning Scattergood
Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods restated a hold rating and set a $56.00 price objective on shares of WSFS Financial in a research report on Tuesday. BidaskClub downgraded WSFS Financial from a sell rating to a strong sell rating in a research report on Tuesday. Zacks Investment Research downgraded WSFS Financial from a buy rating to a hold rating in a research report on Wednesday, February 21st. Merion Capital Group upped their price objective on WSFS Financial from $50.00 to $55.00 and gave the stock a neutral rating in a research report on Friday, January 26th. Finally, DA Davidson upped their price objective on WSFS Financial to $64.00 and gave the stock a buy rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. WSFS Financial has an average rating of Hold and a consensus price target of $56.17.
Shares of WSFS Financial (NASDAQ:WSFS) opened at $49.00 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial has a 1 year low of $42.45 and a 1 year high of $53.00. The firm has a market capitalization of $1,498.64, a price-to-earnings ratio of 26.49, a P/E/G ratio of 1.19 and a beta of 1.25.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. WSFS Financial’s payout ratio is presently 19.46%.
A number of institutional investors and hedge funds have recently modified their holdings of WSFS. Ameritas Investment Partners Inc. increased its holdings in WSFS Financial by 10.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after purchasing an additional 256 shares in the last quarter. Brown Advisory Securities LLC acquired a new position in WSFS Financial in the 3rd quarter worth about $234,000. Victory Capital Management Inc. increased its holdings in WSFS Financial by 25.3% in the 3rd quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock worth $243,000 after purchasing an additional 1,007 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in WSFS Financial in the 4th quarter worth about $265,000. Finally, Citadel Advisors LLC acquired a new position in WSFS Financial in the 3rd quarter worth about $287,000. 81.02% of the stock is owned by institutional investors and hedge funds.
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WSFS Financial Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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