WSFS Financial (NASDAQ:WSFS) Given New $68.00 Price Target at Keefe, Bruyette & Woods

WSFS Financial (NASDAQ:WSFS - Get Free Report) had its target price boosted by research analysts at Keefe, Bruyette & Woods from $64.00 to $68.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 14.61% from the company's previous close.

A number of other equities research analysts have also issued reports on the stock. Stephens reaffirmed an "overweight" rating and set a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $64.75.

WSFS Financial Price Performance

Shares of NASDAQ WSFS traded up $0.79 during midday trading on Monday, reaching $59.33. The stock had a trading volume of 225,584 shares, compared to its average volume of 264,315. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. WSFS Financial has a 12-month low of $40.19 and a 12-month high of $62.75. The stock has a 50-day moving average of $55.30 and a 200-day moving average of $53.70. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.42 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. As a group, research analysts anticipate that WSFS Financial will post 4.4 EPS for the current fiscal year.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors have recently bought and sold shares of the business. Algert Global LLC purchased a new position in WSFS Financial in the second quarter worth about $285,000. Sanctuary Advisors LLC purchased a new position in shares of WSFS Financial in the 2nd quarter worth approximately $275,000. SG Americas Securities LLC purchased a new position in shares of WSFS Financial in the 3rd quarter worth approximately $127,000. Handelsbanken Fonder AB increased its position in shares of WSFS Financial by 9.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,305 shares of the bank's stock valued at $627,000 after purchasing an additional 1,100 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in WSFS Financial by 41.8% during the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock valued at $74,000 after acquiring an additional 428 shares during the last quarter. Institutional investors own 88.49% of the company's stock.

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.