WSFS Financial Corporation (NASDAQ:WSFS) Stock Has Average Price Target of $84.21 According to Brokerages

WSFS Financial Corporation (NASDAQ:WSFS) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $84.21.

WSFS has been the topic of a number of analyst reports. DA Davidson set a $83.00 target price on shares of WSFS Financial and gave the company a “neutral” rating in a research note on Monday, July 27th. Stephens cut WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective on the stock. in a research note on Wednesday, August 12th. Weiss Ratings upgraded WSFS Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, October 26th. Keefe, Bruyette & Woods boosted their price target on WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Piper Sandler reissued a “neutral” rating and set a $90.00 price target (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd.

WSFS Financial Price Performance

WSFS Financial stock opened at $78.47 on Friday. WSFS Financial has a 52-week low of $50.79 and a 52-week high of $82.94. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 12.34 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50 day moving average price is $77.79 and its two-hundred day moving average price is $72.56.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.13. WSFS Financial had a return on equity of 12.27% and a net margin of 24.10%. The company had revenue of $287.57 million for the quarter, compared to analyst estimates of $289.82 million. During the same period in the previous year, the company posted $1.37 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts predict that WSFS Financial will post 6.62 earnings per share for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is presently 12.58%.

Insider Buying and Selling at WSFS Financial

In related news, Director Michael Donahue sold 3,247 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $79.46, for a total transaction of $258,006.62. Following the transaction, the director owned 11,495 shares of the company’s stock, valued at approximately $913,392.70. This represents a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WSFS Financial

A number of large investors have recently bought and sold shares of WSFS. BlackRock Inc. bought a new stake in WSFS Financial during the 2nd quarter valued at $576,695,000. Pzena Investment Management LLC acquired a new stake in shares of WSFS Financial during the 2nd quarter worth about $68,174,000. Bank of America Corp DE acquired a new position in WSFS Financial during the 2nd quarter worth $49,574,000. The Manufacturers Life Insurance Company acquired a new position in WSFS Financial during the second quarter valued at approximately $40,024,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of WSFS Financial in the second quarter valued at about $29,722,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

WSFS Financial Corporation is the financial holding company for WSFS Bank, a full-service community banking institution headquartered in Wilmington, Delaware. Founded in 1832, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS Bank provides a range of banking services for individuals, families, businesses and institutions. Its offerings include checking and savings accounts, consumer lending, residential mortgages, commercial loans, treasury and cash-management services, and online and mobile banking.