Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for WSFS Financial (NASDAQ:WSFS) Stock

WSFS Financial (NASDAQ:WSFS) had its target price lifted by analysts at Keefe, Bruyette & Woods from $63.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.14% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. Piper Sandler lifted their target price on WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday. DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Stephens restated an “overweight” rating and issued a $71.00 price target (up from $66.00) on shares of WSFS Financial in a report on Wednesday. Finally, TD Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.00.

WSFS Financial Trading Up 0.0%

NASDAQ:WSFS opened at $64.73 on Thursday. The firm has a 50-day simple moving average of $57.22 and a 200-day simple moving average of $55.82. WSFS Financial has a one year low of $42.44 and a one year high of $65.09. The firm has a market cap of $3.54 billion, a P/E ratio of 12.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.17. The company had revenue of $90.08 million for the quarter, compared to analyst estimates of $267.36 million. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. WSFS Financial’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Equities analysts anticipate that WSFS Financial will post 4.47 EPS for the current fiscal year.

Institutional Trading of WSFS Financial

A number of institutional investors have recently bought and sold shares of WSFS. Boston Partners boosted its position in WSFS Financial by 2.0% in the second quarter. Boston Partners now owns 350,327 shares of the bank’s stock valued at $19,240,000 after buying an additional 6,755 shares during the last quarter. Strid Group LLC acquired a new stake in WSFS Financial during the 2nd quarter valued at approximately $281,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of WSFS Financial in the 2nd quarter valued at $227,000. Planning Directions Inc. purchased a new stake in shares of WSFS Financial in the 2nd quarter valued at $339,000. Finally, Norges Bank acquired a new stake in shares of WSFS Financial in the second quarter worth $36,860,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.