WSFS Financial (NASDAQ:WSFS) Receives "Overweight" Rating from Stephens

WSFS Financial (NASDAQ:WSFS - Get Free Report)'s stock had its "overweight" rating reiterated by research analysts at Stephens in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $64.00 target price on the bank's stock. Stephens' price target indicates a potential upside of 23.24% from the company's previous close.

Separately, Keefe, Bruyette & Woods boosted their target price on WSFS Financial from $64.00 to $68.00 and gave the company 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. Based on data from MarketBeat, WSFS Financial presently has an average rating of "Hold" and a consensus target price of $63.75.

WSFS Financial Trading Up 0.5 %

Shares of WSFS stock traded up $0.27 on Monday, hitting $51.93. The stock had a trading volume of 17,976 shares, compared to its average volume of 292,879. The firm has a market capitalization of $3.01 billion, a P/E ratio of 11.75 and a beta of 0.90. WSFS Financial has a 1 year low of $42.21 and a 1 year high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The company's 50 day moving average price is $50.93 and its 200-day moving average price is $53.63.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. The company had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Analysts anticipate that WSFS Financial will post 4.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.29% of the stock is owned by insiders.

Institutional Trading of WSFS Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSFS. KBC Group NV raised its holdings in WSFS Financial by 6.8% in the 1st quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after acquiring an additional 196 shares during the last quarter. Mariner LLC raised its holdings in WSFS Financial by 5.1% in the fourth quarter. Mariner LLC now owns 4,457 shares of the bank's stock valued at $237,000 after buying an additional 215 shares during the period. Versant Capital Management Inc lifted its position in WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after buying an additional 252 shares in the last quarter. LPL Financial LLC lifted its position in WSFS Financial by 1.2% during the fourth quarter. LPL Financial LLC now owns 21,060 shares of the bank's stock valued at $1,119,000 after buying an additional 257 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of WSFS Financial by 6.5% in the fourth quarter. HighTower Advisors LLC now owns 4,762 shares of the bank's stock worth $253,000 after acquiring an additional 290 shares in the last quarter. Hedge funds and other institutional investors 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.

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