WSFS Financial (NASDAQ:WSFS – Get Free Report)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a note issued to investors on Monday,Benzinga reports. They presently have a $64.00 target price on the bank’s stock. Stephens’ price objective would suggest a potential upside of 22.53% from the stock’s previous close.
Separately, Keefe, Bruyette & Woods increased their price objective on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Three investment 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 a consensus rating of “Hold” and a consensus price target of $62.75.
Check Out Our Latest Stock Report on WSFS
WSFS Financial Stock Down 0.0 %
WSFS Financial (NASDAQ:WSFS – Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. WSFS Financial’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 EPS. On average, analysts forecast that WSFS Financial will post 4.47 earnings per share for the current fiscal year.
Insider Activity at WSFS Financial
In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the transaction, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.29% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in WSFS Financial by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 180,933 shares of the bank’s stock worth $9,385,000 after purchasing an additional 1,971 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of WSFS Financial by 2.2% in the first quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank’s stock worth $16,820,000 after buying an additional 7,012 shares in the last quarter. BLB&B Advisors LLC bought a new position in WSFS Financial during the first quarter valued at approximately $291,000. KBC Group NV grew its holdings in WSFS Financial by 6.8% during the 1st quarter. KBC Group NV now owns 3,081 shares of the bank’s stock valued at $160,000 after buying an additional 196 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in WSFS Financial by 17.5% in the 1st quarter. Handelsbanken Fonder AB now owns 16,105 shares of the bank’s stock worth $835,000 after acquiring an additional 2,400 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.
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.
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