WSFS Financial Co. (NASDAQ:WSFS) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.38.
A number of analysts have commented on WSFS shares. Boenning Scattergood reaffirmed an “outperform” rating and set a $47.75 target price on shares of WSFS Financial in a report on Thursday, June 20th. Zacks Investment Research cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Piper Jaffray Companies started coverage on shares of WSFS Financial in a report on Monday, July 15th. They set a “neutral” rating for the company. Finally, BidaskClub raised shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 30th.
WSFS opened at $40.63 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. The firm’s 50 day moving average is $41.08. WSFS Financial has a twelve month low of $33.75 and a twelve month high of $50.60. The stock has a market capitalization of $2.22 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. WSFS Financial’s dividend payout ratio is currently 13.52%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Corbyn Investment Management Inc. MD bought a new position in shares of WSFS Financial in the first quarter worth approximately $1,418,000. Bank of America Corp DE boosted its position in shares of WSFS Financial by 7.7% in the fourth quarter. Bank of America Corp DE now owns 158,475 shares of the bank’s stock worth $6,007,000 after purchasing an additional 11,326 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of WSFS Financial by 1.2% in the first quarter. The Manufacturers Life Insurance Company now owns 1,181,319 shares of the bank’s stock worth $45,599,000 after purchasing an additional 13,676 shares during the period. Salzhauer Michael bought a new position in shares of WSFS Financial in the first quarter worth approximately $653,000. Finally, FMR LLC boosted its position in shares of WSFS Financial by 6.3% in the fourth quarter. FMR LLC now owns 1,296,887 shares of the bank’s stock worth $49,165,000 after purchasing an additional 76,840 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.
WSFS Financial Company Profile
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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