WSFS Financial (WSFS) PT Raised to $81 at Stephens

Stephens analyst Russell Gunther raised the price target on WSFS Financial (NASDAQ: WSFS) to $81.00 (from $79.00) while maintaining a Overweight rating.

The analyst commented, "Core PPNR beat Consensus by +6.3% or +$0.10 due to stronger NII (+$0.05) and fees (+$0.05), with expenses in-line. Organic growth of 0.3% LQA negatively compared to Consensus (3.9%) due to elevated CRE paydowns; however, WSFS reiterated a mid-singledigit guide driven by continued C&I strength (+7% LQA). Deposits increased 18.7% LQA, including +57% non-IB growth driven by Trust and Commercial that, while volatile, is a strategic differentiator vs. regional peers. NIM of 3.83% was unchanged and favorably compared to Consensus (3.80%) and should settle ~3.80% as the benefit of a lack of rate cuts is absorbed by increased deposit competition. We raise ‘26E PPNR by 1.0% and maintain ‘27E, and continue to favor this differentiated above-peer return profile model with a fee/revenue contribution ~33% and low-risk EPS lever in excess capital return with a total payout ratio +100% that was on display again in 1Q. Reiterate OW."

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