WSFS Financial Corporation (NASDAQ:WSFS) Stock Has Average Price Target of $83.07 According to Brokerages

WSFS Financial Corporation (NASDAQ:WSFS) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $84.07.

Several analysts recently weighed in on WSFS shares. TD Cowen cut their price objective on shares of WSFS Financial from $92.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings upgraded shares of WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 31st. Piper Sandler restated a “neutral” rating and issued a $90.00 price target (up from $80.00) on shares of WSFS Financial in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price target on WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Finally, DA Davidson set a $83.00 price objective on WSFS Financial and gave the stock a “neutral” rating in a research report on Monday, July 27th.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Shari Kruzinski sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total transaction of $286,090.00. Following the completion of the transaction, the executive vice president owned 15,207 shares in the company, valued at approximately $1,243,020.18. The trade was a 18.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Donahue sold 3,247 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $79.46, for a total value of $258,006.62. Following the completion of the transaction, the director directly owned 11,495 shares of the company’s stock, valued at approximately $913,392.70. The trade was a 22.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Argent Capital Management LLC raised its position in WSFS Financial by 28.8% in the third quarter. Argent Capital Management LLC now owns 14,785 shares of the bank’s stock worth $1,117,000 after acquiring an additional 3,304 shares in the last quarter. Cim Investment Management Inc. bought a new position in shares of WSFS Financial during the 2nd quarter valued at about $238,000. WINTON GROUP Ltd bought a new position in shares of WSFS Financial during the 2nd quarter valued at about $5,013,000. Engineers Gate Manager LP acquired a new position in shares of WSFS Financial in the 2nd quarter worth approximately $2,133,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of WSFS Financial in the 2nd quarter worth approximately $155,000. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $74.75 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $3.82 billion, a PE ratio of 12.50 and a beta of 0.84. WSFS Financial has a 1-year low of $49.92 and a 1-year high of $82.94. The business’s fifty day moving average price is $79.11 and its two-hundred day moving average price is $74.89.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.16. The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, research analysts expect that WSFS Financial will post 6.59 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.38%.

WSFS Financial Company Profile

WSFS Financial Corporation is the parent company of WSFS Bank, a community-focused financial institution headquartered in Wilmington, Delaware. Founded in 1832 as the Wilmington Savings Fund Society, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS provides a range of banking services for consumers, businesses, and institutions, including checking and savings accounts, residential and commercial lending, mortgages, credit cards, treasury management, and digital banking.