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

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

A number of other brokerages have also commented on WSFS. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens restated an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.75.

WSFS Financial Trading Down 0.9 %

WSFS Financial stock opened at $55.50 on Monday. WSFS Financial has a 12-month low of $40.19 and a 12-month high of $62.75. The stock has a market capitalization of $3.27 billion, a PE ratio of 12.56 and a beta of 1.08. The firm has a 50 day simple moving average of $55.40 and a 200-day simple moving average of $53.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. As a group, equities research analysts expect that WSFS Financial will post 4.4 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, February 7th. WSFS Financial’s dividend payout ratio is presently 13.57%.

Institutional Trading of WSFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its stake in WSFS Financial by 819.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock worth $13,528,000 after buying an additional 226,933 shares during the period. State Street Corp raised its position in shares of WSFS Financial by 3.0% in the third quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock valued at $154,519,000 after purchasing an additional 87,781 shares during the period. Barclays PLC lifted its holdings in WSFS Financial by 110.8% during 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 lifted 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 worth $3,986,000 after purchasing an additional 55,668 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of WSFS Financial during the 3rd quarter valued at about $2,290,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.