Advantage Alpha Capital Partners LP Increases Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Advantage Alpha Capital Partners LP boosted its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,647 shares of the bank’s stock after buying an additional 1,182 shares during the period. Advantage Alpha Capital Partners LP’s holdings in WSFS Financial were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in shares of WSFS Financial in the fourth quarter valued at $32,000. LPL Financial LLC boosted its stake in WSFS Financial by 1.2% in the 4th quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock worth $1,119,000 after purchasing an additional 257 shares during the period. KLP Kapitalforvaltning AS purchased a new position in WSFS Financial during the 4th quarter valued at about $671,000. Sei Investments Co. lifted its holdings in shares of WSFS Financial by 58.4% in the fourth quarter. Sei Investments Co. now owns 56,359 shares of the bank’s stock worth $2,994,000 after buying an additional 20,784 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in shares of WSFS Financial in the fourth quarter valued at approximately $40,000. Institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.29% of the stock is currently owned by corporate insiders.

WSFS Financial Price Performance

WSFS stock opened at $53.32 on Tuesday. The firm has a 50 day simple moving average of $54.26 and a two-hundred day simple moving average of $53.90. The stock has a market cap of $3.12 billion, a PE ratio of 12.06 and a beta of 1.06. WSFS Financial Co. has a one year low of $41.33 and a one year high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, analysts predict that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. WSFS Financial’s dividend payout ratio is 13.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WSFS shares. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.75.

WSFS Financial 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.