WSFS Financial (NASDAQ:WSFS) Receives “Market Perform” Rating from Keefe, Bruyette & Woods

WSFS Financial (NASDAQ:WSFS)‘s stock had its “market perform” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a report released on Tuesday, Benzinga reports. They presently have a $54.00 target price on the bank’s stock, down from their previous target price of $58.00. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.41% from the company’s previous close.

A number of other analysts have also commented on WSFS. Stephens raised their price target on WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. DA Davidson raised their target price on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a research note on Monday. Finally, Piper Sandler increased their price target on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three investment 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 currently has a consensus rating of “Hold” and an average target price of $59.75.

WSFS Financial Trading Down 0.4 %

Shares of WSFS Financial stock traded down $0.19 on Tuesday, hitting $49.81. The stock had a trading volume of 20,630 shares, compared to its average volume of 269,936. The stock’s 50-day simple moving average is $51.40 and its two-hundred day simple moving average is $48.65. WSFS Financial has a one year low of $34.08 and a one year high of $58.59. 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 $2.95 billion, a price-to-earnings ratio of 11.37 and a beta of 1.01.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $267.61 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $1.23 earnings per share. As a group, sell-side analysts predict that WSFS Financial will post 4.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new stake in WSFS Financial during the first quarter worth about $45,000. International Assets Investment Management LLC lifted its holdings in shares of WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of WSFS Financial by 40.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after purchasing an additional 295 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of WSFS Financial in the 2nd quarter worth approximately $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of WSFS Financial in the 3rd quarter worth approximately $127,000. 88.49% of the stock is currently 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.