WSFS Financial (NASDAQ:WSFS) Now Covered by Analysts at DA Davidson

Stock analysts at DA Davidson initiated coverage on shares of WSFS Financial (NASDAQ:WSFS) in a research report issued on Wednesday. The firm set a “neutral” rating and a $74.00 price target on the bank’s stock. DA Davidson’s price target indicates a potential upside of 12.96% from the stock’s current price.

A number of other analysts have also recently commented on WSFS. Keefe, Bruyette & Woods lifted their price objective on WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Stephens reissued an “overweight” rating and set a $71.00 price objective (up from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th. Zacks Research upgraded WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Finally, Piper Sandler raised their price objective on WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.80.

WSFS Financial Price Performance

WSFS stock opened at $65.51 on Wednesday. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $71.32. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 12.85 and a beta of 0.79. The firm has a 50 day moving average of $61.02 and a 200-day moving average of $57.19. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The company had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the previous year, the business earned $1.11 earnings per share. WSFS Financial’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that WSFS Financial will post 4.47 EPS for the current fiscal year.

Insider Activity

In other WSFS Financial news, EVP James J. Wechsler sold 450 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $69.89, for a total transaction of $31,450.50. Following the completion of the sale, the executive vice president owned 5,777 shares of the company’s stock, valued at approximately $403,754.53. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur J. Bacci sold 2,005 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president owned 26,366 shares of the company’s stock, valued at $1,859,066.66. This represents a 7.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,455 shares of company stock valued at $242,923 in the last ninety days. Company insiders own 1.21% of the company’s stock.

Institutional Trading of WSFS Financial

A number of institutional investors have recently modified their holdings of the company. First Horizon Corp acquired a new stake in WSFS Financial during the 3rd quarter worth approximately $31,000. NewEdge Advisors LLC purchased a new stake in WSFS Financial during the fourth quarter worth approximately $33,000. Torren Management LLC acquired a new stake in shares of WSFS Financial in the fourth quarter worth $35,000. Clearstead Advisors LLC raised its stake in shares of WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after acquiring an additional 489 shares during the period. Finally, Quarry LP lifted its holdings in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other 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.