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

WSFS Financial (NASDAQ:WSFS) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $64.00 to $68.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 22.88% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens reissued an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.75.

WSFS Financial Stock Performance

Shares of WSFS Financial stock traded down $0.66 during trading on Monday, reaching $55.34. The company’s stock had a trading volume of 76,162 shares, compared to its average volume of 266,022. The business’s 50-day moving average price is $55.51 and its 200-day moving average price is $53.65. WSFS Financial has a 52 week low of $40.19 and a 52 week high of $62.75. The firm has a market cap of $3.26 billion, a PE ratio of 12.48 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) 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%. Equities analysts forecast that WSFS Financial will post 4.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake 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 acquiring an additional 900 shares during the last quarter. GAMMA Investing LLC raised its position in WSFS Financial by 41.8% during the 3rd 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 last quarter. SG Americas Securities LLC bought a new position in WSFS Financial during the 3rd quarter valued at approximately $127,000. KBC Group NV lifted its holdings in WSFS Financial by 68.4% in the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock worth $153,000 after buying an additional 1,172 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of WSFS Financial in the 4th quarter worth approximately $207,000. 88.49% of the stock is currently owned by hedge funds and other 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.