Keefe, Bruyette & Woods Issues Pessimistic Forecast for WSFS Financial (NASDAQ:WSFS) Stock Price

WSFS Financial (NASDAQ:WSFS) had its price objective decreased by equities research analysts at Keefe, Bruyette & Woods from $66.00 to $64.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 22.53% from the stock’s current price.

Separately, Stephens reiterated an “overweight” rating and issued a $64.00 target price on shares of WSFS Financial in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.75.

WSFS Financial Stock Down 0.0 %

WSFS Financial stock opened at $52.23 on Monday. The firm’s 50 day moving average price is $50.77 and its two-hundred day moving average price is $53.63. The firm has a market cap of $3.03 billion, a PE ratio of 11.82 and a beta of 0.90. WSFS Financial has a twelve month low of $42.21 and a twelve month high of $62.75. 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 (NASDAQ:WSFS) last issued its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The firm had revenue of $256.11 million for the quarter, compared to the consensus estimate of $235.44 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that WSFS Financial will post 4.47 EPS for the current fiscal year.

Insider Activity

In related news, CEO Rodger Levenson sold 7,199 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now directly owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. This represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its stake in WSFS Financial by 110.8% during the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock valued at $6,139,000 after purchasing an additional 63,284 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of WSFS Financial by 18.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 57,558 shares of the bank’s stock valued at $2,935,000 after acquiring an additional 8,763 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of WSFS Financial by 819.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock worth $13,528,000 after acquiring an additional 226,933 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in WSFS Financial during the fourth quarter worth $207,000. Finally, KBC Group NV raised its stake in WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after purchasing an additional 1,172 shares during the last quarter. 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.