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

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

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

WSFS Financial Stock Performance

WSFS stock opened at $55.50 on Monday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 12.56 and a beta of 1.08. WSFS Financial has a twelve month low of $40.19 and a twelve month high of $62.75. The business’s fifty day simple moving average is $55.40 and its two-hundred day simple moving average is $53.65. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Analysts predict that WSFS Financial will post 4.4 earnings per share for the current 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 paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.08%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.57%.

Hedge Funds Weigh In On WSFS Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after buying an additional 900 shares during the period. GAMMA Investing LLC boosted its stake in shares of WSFS Financial by 41.8% during the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock worth $74,000 after buying an additional 428 shares during the period. SG Americas Securities LLC purchased a new position in WSFS Financial in the 3rd quarter valued at $127,000. KBC Group NV increased its position in WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank’s stock worth $153,000 after purchasing an additional 1,172 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of WSFS Financial in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.