WSFS Financial (NASDAQ:WSFS) Price Target Raised to $67.00

WSFS Financial (NASDAQ:WSFS) had its target price lifted by TD Cowen from $66.00 to $67.00 in a report released on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the bank’s stock.

A number of other research analysts also recently issued reports on WSFS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Piper Sandler set a $62.00 price objective on WSFS Financial and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday. Finally, DA Davidson cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.40.

WSFS Financial Stock Down 1.3%

Shares of NASDAQ:WSFS opened at $56.46 on Wednesday. WSFS Financial has a 52-week low of $42.44 and a 52-week high of $59.67. The firm has a market capitalization of $3.09 billion, a P/E ratio of 11.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average price of $55.78 and a 200-day moving average price of $55.65.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share (EPS) for the quarter. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. The company had revenue of $161.68 million during the quarter. As a group, equities research analysts anticipate that WSFS Financial will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 7th. WSFS Financial’s dividend payout ratio (DPR) is presently 14.02%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SG Americas Securities LLC raised its position in WSFS Financial by 338.6% during the 4th quarter. SG Americas Securities LLC now owns 30,594 shares of the bank’s stock worth $1,690,000 after buying an additional 23,618 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in WSFS Financial during the 4th quarter valued at about $746,000. Wealth Enhancement Advisory Services LLC boosted its stake in WSFS Financial by 21.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,168 shares of the bank’s stock worth $405,000 after buying an additional 1,276 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in WSFS Financial during the third quarter worth about $1,153,000. Finally, JPMorgan Chase & Co. grew its position in WSFS Financial by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 1,544,508 shares of the bank’s stock worth $83,295,000 after acquiring an additional 33,398 shares during the period. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

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.