WSFS Financial Co. (NASDAQ:WSFS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.82 and traded as high as $54.54. WSFS Financial shares last traded at $53.32, with a volume of 255,135 shares traded.
Several equities analysts recently commented on WSFS shares. Janney Montgomery Scott reissued a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $59.75.
Check Out Our Latest Analysis on WSFS Financial
The firm's 50 day simple moving average is $56.10 and its 200-day simple moving average is $52.82. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 12.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. The business had revenue of $267.61 million for the quarter, compared to analyst estimates of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. As a group, sell-side analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. WSFS Financial's dividend payout ratio (DPR) is currently 13.70%.
Several hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in shares of WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock worth $47,000 after acquiring an additional 900 shares during the period. GAMMA Investing LLC lifted its position in WSFS Financial by 41.8% in the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock valued at $74,000 after purchasing an additional 428 shares during the period. SG Americas Securities LLC purchased a new stake in WSFS Financial in the 3rd quarter valued at approximately $127,000. CIBC Asset Management Inc purchased a new stake in WSFS Financial in the 3rd quarter valued at approximately $202,000. Finally, Lansing Street Advisors acquired a new position in WSFS Financial during the 3rd quarter worth approximately $207,000. 88.49% of the stock is owned by institutional investors and hedge funds.
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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