WSFS Financial (NASDAQ:WSFS) Receives Overweight Rating from Stephens

WSFS Financial (NASDAQ:WSFSGet Free Report)‘s stock had its “overweight” rating reiterated by Stephens in a research note issued on Tuesday,Benzinga reports. They currently have a $68.00 target price on the bank’s stock. Stephens’ target price suggests a potential upside of 22.35% from the stock’s current price.

Several other brokerages also recently commented on WSFS. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.25.

Check Out Our Latest Report on WSFS

WSFS Financial Trading Up 0.1 %

WSFS opened at $55.58 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial has a twelve month low of $40.19 and a twelve month high of $62.75. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.69 and a beta of 1.08. The company has a 50-day simple moving average of $55.67 and a 200 day simple moving average of $53.62.

WSFS Financial (NASDAQ:WSFSGet Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating 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%. Analysts predict that WSFS Financial will post 4.26 EPS for the current fiscal year.

Institutional Trading of WSFS Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in WSFS Financial by 819.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock valued at $13,528,000 after buying an additional 226,933 shares during the last quarter. State Street Corp boosted its holdings in WSFS Financial by 3.0% during the third quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock worth $154,519,000 after purchasing an additional 87,781 shares during the last quarter. Barclays PLC grew its position in WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock worth $6,139,000 after purchasing an additional 63,284 shares in the last quarter. Royce & Associates LP increased its stake in WSFS Financial by 247.4% in the 3rd quarter. Royce & Associates LP now owns 78,168 shares of the bank’s stock valued at $3,986,000 after buying an additional 55,668 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of WSFS Financial during the 3rd quarter worth approximately $2,290,000. 88.49% of the stock is owned by institutional investors.

About WSFS Financial

(Get Free Report)

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.

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Analyst Recommendations for WSFS Financial (NASDAQ:WSFS)

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