WSFS Financial (NASDAQ:WSFS) Price Target Raised to $68.00

WSFS Financial (NASDAQ:WSFS) had its target price upped by Keefe, Bruyette & Woods from $64.00 to $68.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a market perform rating on the bank’s stock.

Several other research analysts also recently issued reports on the stock. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.75.

WSFS Financial Price Performance

WSFS Financial stock opened at $58.54 on Monday. The stock has a fifty day moving average of $55.30 and a 200-day moving average of $53.70. The stock has a market capitalization of $3.45 billion, a P/E ratio of 13.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. WSFS Financial has a 52 week low of $40.19 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, topping 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%. On average, sell-side analysts expect that WSFS Financial will post 4.4 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, February 7th. WSFS Financial’s dividend payout ratio is currently 13.57%.

Institutional Investors Weigh In On WSFS Financial

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in WSFS Financial by 5,000.0% in 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 boosted its stake in shares of WSFS Financial by 41.8% in 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 acquired a new stake in shares of WSFS Financial during the third quarter worth $127,000. KBC Group NV raised its stake in WSFS Financial by 68.4% during the fourth 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 last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in WSFS Financial by 32.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank’s stock valued at $176,000 after buying an additional 804 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.