Shares of WSFS Financial Co. (NASDAQ:WSFS) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $49.38.
WSFS has been the subject of a number of research reports. Boenning Scattergood restated an “outperform” rating and set a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th. Piper Jaffray Companies initiated coverage on shares of WSFS Financial in a research note on Monday, July 15th. They set a “neutral” rating for the company. BidaskClub upgraded shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, Zacks Investment Research cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a research note on Friday.
Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank acquired a new stake in WSFS Financial in the 2nd quarter worth about $27,000. Strs Ohio raised its stake in WSFS Financial by 120.0% in the 2nd quarter. Strs Ohio now owns 1,100 shares of the bank’s stock worth $45,000 after purchasing an additional 600 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in WSFS Financial in the 1st quarter worth about $50,000. Kavar Capital Partners LLC acquired a new stake in WSFS Financial in the 2nd quarter worth about $55,000. Finally, Tower Research Capital LLC TRC raised its stake in WSFS Financial by 4,154.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the bank’s stock worth $90,000 after purchasing an additional 2,119 shares in the last quarter. Institutional investors and hedge funds own 79.41% of the company’s stock.
WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, July 22nd. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $166.10 million during the quarter, compared to analysts’ expectations of $157.52 million. WSFS Financial had a net margin of 21.06% and a return on equity of 10.98%. As a group, equities research analysts expect that WSFS Financial will post 3.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.52%.
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. 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.
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