WSFS Financial’s (WSFS) “Neutral” Rating Reaffirmed at Janney Montgomery Scott

Janney Montgomery Scott restated their neutral rating on shares of WSFS Financial (NASDAQ:WSFS) in a research report released on Monday, Marketbeat Ratings reports.

WSFS has been the subject of several other reports. Piper Sandler lifted their price objective on shares of WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Stephens boosted their target price on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. DA Davidson upped their target price on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their target price on WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.75.

WSFS Financial Trading Up 0.3 %

NASDAQ:WSFS opened at $50.00 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.42 and a beta of 1.01. WSFS Financial has a 52 week low of $34.54 and a 52 week high of $58.59. The firm has a 50 day moving average of $51.38 and a 200 day moving average of $48.70.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The business had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. As a group, sell-side analysts anticipate that WSFS Financial will post 4.32 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC purchased a new stake in WSFS Financial during the 1st quarter worth about $45,000. International Assets Investment Management LLC raised its holdings in WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after purchasing an additional 900 shares during the last quarter. GAMMA Investing LLC raised its position in WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after acquiring an additional 295 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of WSFS Financial in the second quarter worth $114,000. Finally, SG Americas Securities LLC acquired a new position in shares of WSFS Financial in the third quarter valued at approximately $127,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.