WSFS Financial (NASDAQ:WSFS) PT Raised to $55.00 at Piper Sandler

WSFS Financial (NASDAQ:WSFS) had its price target raised by Piper Sandler from $48.00 to $55.00 in a research report sent to investors on Tuesday, Benzinga reports. Piper Sandler currently has a neutral rating on the bank’s stock.

WSFS has been the subject of a number of other reports. Stephens raised their price objective on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an overweight rating in a research note on Monday. Keefe, Bruyette & Woods raised their target price on shares of WSFS Financial from $53.00 to $61.00 and gave the stock a market perform rating in a research report on Monday. Finally, DA Davidson raised their target price on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a buy rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, WSFS Financial currently has a consensus rating of Hold and a consensus price target of $61.50.

WSFS Financial Trading Down 4.1 %

Shares of WSFS Financial stock opened at $54.18 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $47.71 and a two-hundred day moving average of $45.16. WSFS Financial has a 12-month low of $33.12 and a 12-month high of $58.59. The stock has a market cap of $3.26 billion, a PE ratio of 12.09 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The business had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $254.48 million. During the same period last year, the company posted $1.16 EPS. The company’s revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that WSFS Financial will post 4.31 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.39%.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Stephen P. Clark sold 3,000 shares of WSFS Financial stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total value of $139,830.00. Following the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,196,525.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other WSFS Financial news, EVP Stephen P. Clark sold 3,000 shares of WSFS Financial stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total value of $139,830.00. Following the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,196,525.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen P. Clark sold 12,663 shares of WSFS Financial stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total transaction of $715,712.76. Following the completion of the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,450,924.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On WSFS Financial

Several hedge funds and other institutional investors have recently made changes to their positions in WSFS. International Assets Investment Management LLC lifted its holdings in shares of WSFS Financial by 1,032.9% during the 4th quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock valued at $38,000 after acquiring an additional 754 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of WSFS Financial during the 1st quarter valued at $45,000. GAMMA Investing LLC lifted its holdings in shares of WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after acquiring an additional 295 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of WSFS Financial by 115,450.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,311 shares of the bank’s stock valued at $106,000 after acquiring an additional 2,309 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of WSFS Financial during the 2nd quarter valued at $114,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

About WSFS Financial

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.