Stephens reissued their overweight rating on shares of WSFS Financial (NASDAQ:WSFS - Free Report) in a research report released on Tuesday,Benzinga reports. They currently have a $68.00 target price on the bank's stock.
A number of other brokerages have also issued reports on WSFS. Janney Montgomery Scott reiterated a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.25.
Check Out Our Latest Report on WSFS Financial
WSFS Financial Trading Up 0.7 %
WSFS traded up $0.40 on Tuesday, hitting $56.00. The company had a trading volume of 223,165 shares, compared to its average volume of 267,358. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.30 billion, a P/E ratio of 12.67 and a beta of 1.08. The company's fifty day moving average price is $55.60 and its 200 day moving average price is $53.63. WSFS Financial has a 1 year low of $40.19 and a 1 year high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. As a group, equities analysts expect that WSFS Financial will post 4.23 earnings per share for the current year.
WSFS Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, February 7th. WSFS Financial's dividend payout ratio (DPR) is 13.57%.
Hedge Funds Weigh In On WSFS Financial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mill Creek Capital Advisors LLC acquired a new stake in shares of WSFS Financial in the third quarter valued at approximately $718,000. Jane Street Group LLC boosted its holdings in shares of WSFS Financial by 47.9% in the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank's stock valued at $5,821,000 after acquiring an additional 36,990 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of WSFS Financial by 30.6% in the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank's stock valued at $1,875,000 after acquiring an additional 8,617 shares during the period. Barclays PLC boosted its holdings in shares of WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after acquiring an additional 63,284 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of WSFS Financial by 265.1% in the second quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank's stock valued at $1,117,000 after acquiring an additional 17,254 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.
About WSFS Financial
(
Get Free Report)
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.
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