WSFS Financial (NASDAQ:WSFS) Earns Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of WSFS Financial (NASDAQ:WSFS) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $68.00 target price on the bank’s stock.

A number of other equities analysts have also commented on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, WSFS Financial has a consensus rating of “Hold” and a consensus price target of $61.25.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $55.60 on Tuesday. WSFS Financial has a 52-week low of $40.19 and a 52-week high of $62.75. The business’s fifty day moving average is $55.60 and its 200 day moving average is $53.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 12.69 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. Research analysts predict that WSFS Financial will post 4.26 EPS for the current year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, February 7th. WSFS Financial’s dividend payout ratio is presently 13.70%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of WSFS Financial by 34.1% during the second quarter. Sei Investments Co. now owns 48,343 shares of the bank’s stock valued at $2,272,000 after buying an additional 12,298 shares during the period. Squarepoint Ops LLC boosted its position in shares of WSFS Financial by 265.1% during the second quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank’s stock valued at $1,117,000 after buying an additional 17,254 shares during the last quarter. Ascent Group LLC purchased a new stake in shares of WSFS Financial during the 2nd quarter valued at about $201,000. Algert Global LLC bought a new stake in WSFS Financial in the 2nd quarter worth approximately $285,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of WSFS Financial in the second quarter worth $275,000. 88.49% of the stock is 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.