WSFS Financial (NASDAQ:WSFS) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of WSFS Financial (NASDAQ:WSFS) in a research note issued to investors on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a $54.00 target price on the bank’s stock, down from their prior target price of $58.00.

WSFS has been the topic of a number of other reports. Stephens upped their target price on shares of WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, July 29th. DA Davidson raised their target price on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Piper Sandler lifted their target price on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Finally, Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Stock Up 1.0 %

WSFS stock opened at $49.64 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day simple moving average is $51.30 and its 200-day simple moving average is $48.71. WSFS Financial has a 12 month low of $35.09 and a 12 month high of $58.59. The firm has a market capitalization of $2.94 billion, a PE ratio of 11.33 and a beta of 1.01.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The firm had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. During the same quarter in the prior year, the firm earned $1.23 EPS. WSFS Financial’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect that WSFS Financial will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, November 8th. WSFS Financial’s dividend payout ratio is currently 13.70%.

Institutional Trading of WSFS Financial

Several institutional investors have recently made changes to their positions in WSFS. Fidelis Capital Partners LLC acquired a new position in WSFS Financial in the first quarter valued at $45,000. International Assets Investment Management LLC lifted its stake in shares of WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after purchasing an additional 295 shares during the period. Innealta Capital LLC purchased a new stake in shares of WSFS Financial during the 2nd quarter worth about $114,000. Finally, SG Americas Securities LLC acquired a new stake in WSFS Financial during the 3rd quarter worth approximately $127,000. 88.49% of the stock is 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.