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

WSFS Financial (NASDAQ:WSFS)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a note issued to investors on Tuesday,Benzinga reports. They presently have a $68.00 price target on the bank’s stock. Stephens’ price target would indicate a potential upside of 22.35% from the company’s current price.

WSFS has been the subject of a number of other research reports. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 price target (down from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three 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, the stock presently has a consensus rating of “Hold” and an average price target of $61.25.

WSFS Financial Price Performance

Shares of WSFS stock opened at $55.58 on Tuesday. The stock’s fifty day moving average is $55.67 and its 200-day moving average is $53.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. WSFS Financial has a 52 week low of $40.19 and a 52 week high of $62.75. The stock has a market capitalization of $3.27 billion, a PE ratio of 12.69 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping 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%. Equities research analysts expect that WSFS Financial will post 4.26 EPS for the current fiscal year.

Institutional Investors Weigh In On WSFS Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of WSFS Financial by 10.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,926 shares of the bank’s stock worth $12,110,000 after purchasing an additional 21,990 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of WSFS Financial by 2.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank’s stock valued at $3,142,000 after buying an additional 1,578 shares during the last quarter. KBC Group NV boosted 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 worth $153,000 after acquiring an additional 1,172 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of WSFS Financial during the 4th quarter worth approximately $207,000. Finally, Assenagon Asset Management S.A. lifted its holdings in WSFS Financial by 819.8% during the 4th 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 during the last quarter. Institutional investors and hedge funds 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.