Keefe, Bruyette & Woods Raises WSFS Financial (NASDAQ:WSFS) Price Target to $68.00

WSFS Financial (NASDAQ:WSFS) had its price target raised by equities researchers at Keefe, Bruyette & Woods from $64.00 to $68.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 18.84% from the company’s previous close.

WSFS has been the subject of several other reports. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.75.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $57.22 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.37 billion, a PE ratio of 12.95 and a beta of 1.08. The stock’s fifty day simple moving average is $55.34 and its two-hundred day simple moving average is $53.67. WSFS Financial has a 1-year low of $40.19 and a 1-year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. As a group, analysts forecast that WSFS Financial will post 4.4 EPS for the current fiscal year.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Algert Global LLC bought a new position in shares of WSFS Financial during the 2nd quarter worth $285,000. Sanctuary Advisors LLC purchased a new stake in WSFS Financial during the second quarter valued at about $275,000. SG Americas Securities LLC bought a new position in WSFS Financial during the third quarter worth about $127,000. Handelsbanken Fonder AB increased its stake in shares of WSFS Financial by 9.8% in the third quarter. Handelsbanken Fonder AB now owns 12,305 shares of the bank’s stock worth $627,000 after purchasing an additional 1,100 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of 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. 88.49% of the stock is owned by institutional investors.

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.