Stephens Increases WSFS Financial (NASDAQ:WSFS) Price Target to $62.00

WSFS Financial (NASDAQ:WSFS) had its target price raised by Stephens from $54.00 to $62.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Stephens’ price objective suggests a potential upside of 9.41% from the stock’s previous close.

Separately, Piper Sandler increased their price objective on shares of WSFS Financial from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.50.

WSFS Financial Trading Up 0.1 %

Shares of NASDAQ WSFS opened at $56.67 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.86. WSFS Financial has a 52-week low of $33.12 and a 52-week high of $58.59. The firm has a 50 day moving average price of $47.48 and a two-hundred day moving average price of $45.08. The stock has a market cap of $3.41 billion, a P/E ratio of 12.65 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The company had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $254.48 million. During the same period in the prior year, the company posted $1.16 earnings per share. WSFS Financial’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that WSFS Financial will post 4.25 EPS for the current year.

Insiders Place Their Bets

In other WSFS Financial news, EVP Stephen P. Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total value of $139,830.00. Following the completion of the sale, the executive vice president now directly owns 25,671 shares in the company, valued at $1,196,525.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other WSFS Financial news, insider J. Bacci Arthur 8,609 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen P. Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total transaction of $139,830.00. Following the completion of the transaction, the executive vice president now directly owns 25,671 shares in the company, valued at $1,196,525.31. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new position in shares of WSFS Financial in the second quarter valued at $2,664,000. Innealta Capital LLC bought a new position in shares of WSFS Financial in the second quarter valued at $114,000. Louisiana State Employees Retirement System lifted its stake in shares of WSFS Financial by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock valued at $1,419,000 after buying an additional 200 shares in the last quarter. AlphaMark Advisors LLC bought a new position in shares of WSFS Financial in the second quarter valued at $329,000. Finally, Wedge Capital Management L L P NC lifted its stake in shares of WSFS Financial by 29.2% in the second quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock valued at $3,871,000 after buying an additional 18,636 shares in the last quarter. 88.49% of the stock is owned by 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.