WSFS Financial Co. (NASDAQ: WSFS) Receives Medium Analyst “Hold” Recommendation


WSFS Financial Co. (NASDAQ: WSFSGet a rating) earned an average recommendation of “Hold” from the eight analysts currently covering the stock, reports. One analyst rated the stock with a sell rating, six assigned a hold rating and one assigned the company a buy rating. The 1-year average target price among analysts who have reported on the stock in the past year is $53.25.

WSFS has been the subject of a number of research papers. Stephens reduced his target price on WSFS Financial shares from $53.00 to $52.00 and set an “equal weight” rating on the stock in a Monday, April 25 research report. Piper Sandler upgraded WSFS Financial shares from a “neutral” to an “overweight” rating and reduced her target price for the company from $56.00 to $51.00 in a Monday 25 research report. april. Zacks Investment Research downgraded WSFS Financial shares from a “buy” to a “hold” rating in a research report on Saturday, May 21. To finish, downgraded WSFS Financial shares from a “hold” to a “sell” rating in a research report on Monday.

In other news, EVP Richard Wright sold 1,973 shares of the company in a transaction dated Tuesday, April 19. The stock was sold at an average price of $42.03, for a total value of $82,925.19. Following the completion of the sale, the executive vice president now directly owns 42,196 shares of the company, valued at approximately $1,773,497.88. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, manager Nancy J. Foster purchased 1,000 shares in a trade that took place on Tuesday, April 26. The shares were acquired at an average cost of $41.69 per share, with a total value of $41,690.00. Following the completion of the purchase, the administrator now owns 4,213 shares of the company, valued at approximately $175,639.97. Disclosure of this purchase can be found here. Company insiders hold 1.73% of the company’s shares.

A number of hedge funds and other institutional investors have recently bought and sold shares of WSFS. Point72 Hong Kong Ltd acquired a new stake in WSFS Financial during Q4 for a value of approximately $32,000. Quadrant Capital Group LLC increased its stake in WSFS Financial by 1,032.3% during the 1st quarter. Quadrant Capital Group LLC now owns 702 shares of the bank worth $33,000 after buying an additional 640 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in WSFS Financial during Q1 worth approximately $40,000. FourThought Financial LLC purchased a new stake in WSFS Financial during Q1 for approximately $74,000. Finally, Harbor Investment Advisory LLC increased its stake in WSFS Financial by 43.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,050 shares of the bank worth $96,000 after buying 621 additional shares in the last quarter. 70.92% of the shares are held by institutional investors and hedge funds.

Shares of NASDAQ WSFS opened at $42.37 on Thursday. The company’s 50-day simple moving average is $42.13 and its 200-day simple moving average is $48.40. The company has a market capitalization of $2.68 billion, a price-earnings ratio of 9.65 and a beta of 1.09. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt ratio of 0.15. WSFS Financial has a 12-month low of $37.03 and a 12-month high of $56.30.

WSFS Financial (NASDAQ: WSFSGet a rating) last released its quarterly results on Thursday, April 21. The bank reported earnings per share (EPS) of $0.66 for the quarter, missing the consensus estimate of $0.80 per ($0.14). The company posted revenue of $199.13 million for the quarter, versus analyst estimates of $134.16 million. WSFS Financial had a return on equity of 11.89% and a net margin of 31.02%. In the same quarter last year, the company achieved EPS of $1.39. On average, stock analysts expect WSFS Financial to post earnings per share of 4.07 for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Friday, May 6 received a dividend of $0.13. The ex-dividend date was Thursday, May 5. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 1.23%. WSFS Financial’s dividend payout ratio (DPR) is currently 11.85%.

WSFS Financial Company Profile (Get a rating)

WSFS Financial Corporation operates as a savings and loan holding company for the Wilmington Savings Fund Society, FSB, which 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 jumbo certificates of deposit from individuals, d businesses and municipalities.

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