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

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

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

WSFS Financial Trading Down 0.1%

Shares of WSFS stock opened at $56.44 on Wednesday. WSFS Financial has a fifty-two week low of $42.44 and a fifty-two week high of $59.67. 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 simple moving average of $55.60 and a two-hundred day simple moving average of $55.62. The company has a market cap of $3.09 billion, a P/E ratio of 11.64 and a beta of 0.80.

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

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. WSFS Financial’s payout ratio is 14.02%.

Institutional Trading of WSFS Financial

Several institutional investors and hedge funds have recently modified their holdings of WSFS. Franklin Resources Inc. boosted its position in shares of WSFS Financial by 1.1% during the second quarter. Franklin Resources Inc. now owns 2,610,976 shares of the bank’s stock valued at $143,604,000 after buying an additional 27,151 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in WSFS Financial by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,544,508 shares of the bank’s stock valued at $83,295,000 after acquiring an additional 33,398 shares in the last quarter. Cooke & Bieler LP boosted its holdings in WSFS Financial by 15.5% during the 3rd quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock worth $55,653,000 after acquiring an additional 138,220 shares during the last quarter. Invesco Ltd. grew its stake in shares of WSFS Financial by 2.1% in the 3rd quarter. Invesco Ltd. now owns 1,005,660 shares of the bank’s stock worth $54,235,000 after acquiring an additional 20,293 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of WSFS Financial by 14.5% in the third quarter. Pzena Investment Management LLC now owns 928,413 shares of the bank’s stock valued at $50,069,000 after purchasing an additional 117,244 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.