WSFS Financial (NASDAQ:WSFS) Earns “Overweight” Rating from Stephens

WSFS Financial (NASDAQ:WSFS)‘s stock had its “overweight” rating reissued by research analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $68.00 price target on the bank’s stock. Stephens’ price objective would suggest a potential upside of 22.46% from the company’s previous close.

Several other equities analysts also recently commented on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, WSFS Financial has a consensus rating of “Hold” and an average price target of $61.25.

WSFS Financial Price Performance

Shares of NASDAQ WSFS traded up $0.74 during midday trading on Tuesday, reaching $55.53. 44,648 shares of the company were exchanged, compared to its average volume of 259,599. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.27 billion, a P/E ratio of 12.65 and a beta of 1.08. WSFS Financial has a one year low of $40.19 and a one year high of $62.75. The stock’s 50-day moving average price is $55.75 and its 200-day moving average price is $53.56.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. On average, sell-side analysts anticipate that WSFS Financial will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors have recently made changes to their positions in WSFS. KBC Group NV grew its stake in shares of WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,172 shares during the period. Crossmark Global Holdings Inc. purchased a new position in WSFS Financial during the 4th quarter valued at approximately $207,000. Assenagon Asset Management S.A. raised its stake in WSFS Financial by 819.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock valued at $13,528,000 after purchasing an additional 226,933 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of WSFS Financial by 18.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 57,558 shares of the bank’s stock worth $2,935,000 after purchasing an additional 8,763 shares during the period. Finally, Sanctuary Advisors LLC raised its position in WSFS Financial by 100.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank’s stock worth $657,000 after purchasing an additional 6,466 shares during the period. Institutional investors own 88.49% 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. 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.