Higher rates for longer could benefit WSFS Financial , the Delaware-based parent of Wilmington Savings Fund Society, according to D.A. The firm upgraded the regional bank to buy from neutral Monday with a $45 per share price target, representing about 28% upside from Friday's $35.17 close. WSFS YTD mountain Shares of WSFS Bank have slipped more than 18% in 2023. But analyst Manuel Navas says WSFS Financial could post stronger growth compared with peers due to a higher net interest margin . At the same time, he says WSFS Financial is trading at a discount that doesn't accurately capture the bank's position.

---

Persons: Davidson, Manuel Navas, Navas, 1Q23 NIM, Michael Bloom Organizations: Wilmington Savings Fund Society, WSFS Bank Locations: Delaware, Wilmington