Other equities research analysts have also issued reports about the stock. Piper Jaffray Companies initiated coverage on shares of WSFS Financial in a report on Monday, July 15th. They issued a neutral rating for the company. Boenning Scattergood reissued an outperform rating and issued a $47.75 target price on shares of WSFS Financial in a report on Thursday, June 20th. Finally, Zacks Investment Research lowered shares of WSFS Financial from a hold rating to a sell rating in a report on Saturday, July 27th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. WSFS Financial presently has a consensus rating of Hold and a consensus price target of $49.38.
Shares of WSFS Financial stock opened at $40.74 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.01 and a beta of 1.12. The firm’s 50-day moving average is $41.09 and its 200 day moving average is $41.50. WSFS Financial has a 1 year low of $33.75 and a 1 year high of $50.60.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. WSFS Financial’s dividend payout ratio is currently 13.52%.
Several hedge funds and other institutional investors have recently bought and sold shares of WSFS. Vanguard Group Inc. increased its stake in WSFS Financial by 28.4% in the second quarter. Vanguard Group Inc. now owns 4,789,200 shares of the bank’s stock worth $197,793,000 after purchasing an additional 1,060,282 shares during the period. BlackRock Inc. increased its stake in WSFS Financial by 3.3% in the second quarter. BlackRock Inc. now owns 3,808,945 shares of the bank’s stock worth $157,308,000 after purchasing an additional 123,383 shares during the period. Price T Rowe Associates Inc. MD increased its stake in WSFS Financial by 5.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,556,105 shares of the bank’s stock worth $146,867,000 after purchasing an additional 171,092 shares during the period. FMR LLC increased its stake in WSFS Financial by 92.6% in the first quarter. FMR LLC now owns 2,497,363 shares of the bank’s stock worth $96,399,000 after purchasing an additional 1,200,476 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in WSFS Financial by 105.8% in the second quarter. Nuveen Asset Management LLC now owns 1,353,642 shares of the bank’s stock worth $55,906,000 after purchasing an additional 695,791 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.
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. The company 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.
Recommended Story: What are the risks of holding treasury bonds?
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.