WSFS Financial's (WSFS) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Key Points

• WSFS Financial's stock received a "Buy (B-)" rating from Weiss Ratings, indicating a positive outlook from analysts.
• TD Cowen issued a new "buy" rating with a price target of $67.00, while DA Davidson downgraded the stock to a "hold" rating, showcasing mixed analyst sentiment.
• The company's stock currently has a market cap of $2.97 billion and a consensus price target of $66.25, with a year-to-date performance showing a low of $42.44 and a high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on the company. TD Cowen initiated coverage on WSFS Financial in a report on Thursday, September 25th. They set a "buy" rating and a $67.00 price target on the stock. DA Davidson downgraded WSFS Financial from a "strong-buy" rating to a "hold" rating in a report on Monday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.25.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS traded up $0.22 during midday trading on Friday, reaching $53.02. 187,496 shares of the company's stock traded hands, compared to its average volume of 325,634. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 11.63 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. WSFS Financial has a one year low of $42.44 and a one year high of $62.75. The stock has a 50 day moving average of $55.22 and a 200 day moving average of $54.16.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $161.68 million for the quarter. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%. As a group, equities research analysts anticipate that WSFS Financial will post 4.47 EPS for the current fiscal year.

Institutional Investors Weigh In On WSFS Financial

Hedge funds have recently made changes to their positions in the company. CWM LLC lifted its position in shares of WSFS Financial by 72.7% in the first quarter. CWM LLC now owns 701 shares of the bank's stock worth $36,000 after buying an additional 295 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in WSFS Financial by 265.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank's stock worth $53,000 after acquiring an additional 706 shares during the last quarter. Farther Finance Advisors LLC increased its stake in WSFS Financial by 618.4% during the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank's stock worth $69,000 after acquiring an additional 1,076 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in WSFS Financial by 17.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank's stock worth $79,000 after acquiring an additional 212 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in WSFS Financial during the second quarter worth approximately $82,000. 88.49% of the stock is currently owned by hedge funds and other 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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