WSFS Financial (NASDAQ:WSFS) Hits New 12-Month High – Should You Buy?

WSFS Financial Corporation (NASDAQ:WSFS) reached a new 52-week high during trading on Monday . The company traded as high as $83.00 and last traded at $83.00, with a volume of 368 shares. The stock had previously closed at $80.20.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods boosted their price objective on shares of WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Piper Sandler restated a “neutral” rating and issued a $90.00 target price (up from $80.00) on shares of WSFS Financial in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. Finally, UBS Group set a $76.00 price target on shares of WSFS Financial in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, WSFS Financial has a consensus rating of “Moderate Buy” and an average price target of $83.07.

WSFS Financial Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.85. The firm has a fifty day moving average of $76.38 and a two-hundred day moving average of $70.06. The stock has a market capitalization of $4.26 billion, a P/E ratio of 13.70 and a beta of 0.77.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.16. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.27 EPS. On average, analysts predict that WSFS Financial Corporation will post 6.51 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.38%.

Insider Buying and Selling

In related news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total transaction of $286,090.00. Following the transaction, the executive vice president directly owned 15,207 shares of the company’s stock, valued at $1,243,020.18. This trade represents a 18.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rodger Levenson sold 65,446 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the transaction, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at $13,790,981.68. This trade represents a 26.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WSFS. Tudor Investment Corp ET AL purchased a new position in WSFS Financial in the third quarter valued at about $1,153,000. Denali Advisors LLC purchased a new stake in shares of WSFS Financial during the fourth quarter valued at about $2,425,000. Hsbc Holdings PLC purchased a new stake in shares of WSFS Financial during the fourth quarter valued at about $1,050,000. Fifth Third Bancorp boosted its holdings in shares of WSFS Financial by 11,821.6% in the 1st quarter. Fifth Third Bancorp now owns 28,731 shares of the bank’s stock valued at $1,881,000 after buying an additional 28,490 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of WSFS Financial by 31.3% in the 4th quarter. UBS Group AG now owns 214,753 shares of the bank’s stock valued at $11,863,000 after buying an additional 51,234 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

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.