WSFS Financial’s (WSFS) “Overweight” Rating Reaffirmed at Stephens

WSFS Financial (NASDAQ:WSFS)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report issued on Tuesday,Benzinga reports. They currently have a $68.00 price objective on the bank’s stock. Stephens’ price objective indicates a potential upside of 22.46% from the company’s previous close.

A number of other brokerages have also issued reports on WSFS. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $54.00 target price (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.25.

WSFS Financial Stock Performance

WSFS Financial stock traded up $0.74 during mid-day trading on Tuesday, reaching $55.53. 44,648 shares of the company traded hands, compared to its average volume of 259,599. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s fifty day moving average is $55.75 and its two-hundred day moving average is $53.56. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.65 and a beta of 1.08. WSFS Financial has a fifty-two week low of $40.19 and a fifty-two week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) 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%. On average, equities research analysts expect that WSFS Financial will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in shares of WSFS Financial by 5,000.0% in the 3rd 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 raised its stake in WSFS Financial by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock worth $74,000 after acquiring an additional 428 shares in the last quarter. SG Americas Securities LLC purchased a new stake in WSFS Financial in the third quarter valued at $127,000. KBC Group NV boosted its stake in WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of WSFS Financial during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

About WSFS Financial

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.