WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $59.87 and last traded at $59.87, with a volume of 12721 shares changing hands. The stock had previously closed at $58.46.
WSFS has been the topic of several recent research reports. Janney Montgomery Scott reiterated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Stephens lifted their target price on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an "overweight" rating in a research report on Monday, July 29th. DA Davidson lifted 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, July 29th. Piper Sandler lifted their target price on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $54.00 target price (down from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, WSFS Financial presently has an average rating of "Hold" and a consensus price target of $59.75.
Read Our Latest Stock Report on WSFS
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $3.52 billion, a P/E ratio of 13.35 and a beta of 1.02. The company's 50 day moving average price is $51.34 and its 200-day moving average price is $49.42.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The company had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. During the same period in the previous year, the firm earned $1.23 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. Equities analysts forecast that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, November 8th. WSFS Financial's payout ratio is currently 13.70%.
A number of institutional investors and hedge funds have recently bought and sold shares of WSFS. Jupiter Asset Management Ltd. purchased a new stake in shares of WSFS Financial during the first quarter valued at approximately $1,253,000. Wedge Capital Management L L P NC lifted its stake in WSFS Financial by 29.2% in the second quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank's stock worth $3,871,000 after acquiring an additional 18,636 shares during the period. BNP Paribas Financial Markets lifted its stake in WSFS Financial by 51.4% in the first quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank's stock worth $1,361,000 after acquiring an additional 10,234 shares during the period. Vanguard Group Inc. lifted its stake in WSFS Financial by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank's stock worth $331,246,000 after acquiring an additional 372,402 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in WSFS Financial by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank's stock valued at $2,392,000 after buying an additional 518 shares during the period. 88.49% of the stock is currently owned by institutional investors.
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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