High-frequency endoscopic ultrasound (HFEUS) imaging is an important tool commonly used in clinical practice for imaging hollow organs. The virtual source synthetic aperture (VSSA) method is effective in improving the imaging quality of HFEUS. However, interference from the motor control unit severely affects the accuracy of the conventional delay and sum (DAS) method, thus compromising the effectiveness of VSSA. In this article, a new computational method based on phase correction was proposed to overcome these shortcomings, which is named phase-corrected-and-sum (PCAS). Meanwhile, the parameters of coherence factor weighting (CFW) can be obtained from the correlation coefficient of the superimposed signals to further increase the imaging quality. Three kinds of imaging experiments were designed to evaluate the proposed method. Compared with the conventional method, the results show that the PCAS-CFW method improves the lateral resolution by about 10% and the contrast-to-noise ratio (CNR) by about 44%. Therefore, this proposed method is capable of significantly improving HFEUS image quality, and this method can be easily integrated into current HFEUS imaging systems, showing great potential for clinical applications.