WSFS Financial (NASDAQ:WSFS) Price Target Raised to $70.00

Key Points

• DA Davidson has raised its price target for WSFS Financial from $68.00 to $70.00, reflecting a potential upside of 23.88% based on current prices.
• Various analysts have mixed ratings for WSFS Financial, with one downgrade to "sell," while others maintain "hold" and "buy" recommendations, resulting in a consensus rating of "Hold" with an average target price of $63.25.
• WSFS Financial reported a quarterly EPS of $1.27, exceeding estimates, and had a revenue of $267.50 million, a 0.6% increase compared to the same period last year.

WSFS Financial (NASDAQ:WSFS - Free Report) had its target price hoisted by DA Davidson from $68.00 to $70.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the bank's stock. DA Davidson also issued estimates for WSFS Financial's Q3 2025 earnings at $1.25 EPS, FY2025 earnings at $4.95 EPS and FY2026 earnings at $5.35 EPS.

Several other research firms also recently weighed in on WSFS. Stephens reaffirmed an "overweight" rating and issued a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Wall Street Zen lowered shares of WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, WSFS Financial has a consensus rating of "Hold" and a consensus target price of $66.00.

WSFS Financial Trading Down 2.0%

NASDAQ WSFS traded down $1.08 during trading on Monday, hitting $53.76. The stock had a trading volume of 441,537 shares, compared to its average volume of 333,795. The company has a market capitalization of $3.05 billion, a PE ratio of 11.79 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $55.15 and a 200 day moving average price of $53.58. WSFS Financial has a twelve month low of $42.44 and a twelve month high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. The company had revenue of $267.50 million during the quarter, compared to the consensus estimate of $221.93 million. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%. WSFS Financial's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. As a group, equities research analysts forecast that WSFS Financial will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 8th. WSFS Financial's dividend payout ratio is 14.91%.

Hedge Funds Weigh In On WSFS Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSFS. JPMorgan Chase & Co. boosted its holdings in WSFS Financial by 309.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,687,824 shares of the bank's stock valued at $89,674,000 after purchasing an additional 1,276,078 shares in the last quarter. Norges Bank acquired a new position in WSFS Financial in the fourth quarter valued at approximately $32,775,000. Boston Partners acquired a new position in WSFS Financial in the first quarter valued at approximately $17,668,000. Raymond James Financial Inc. acquired a new position in WSFS Financial during the fourth quarter worth approximately $18,167,000. Finally, Nuveen LLC acquired a new position in WSFS Financial during the first quarter worth approximately $12,090,000. 88.49% of the stock is owned by institutional investors and hedge funds.

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.