WINTON GROUP Ltd Makes New $5.01 Million Investment in WSFS Financial Corporation $WSFS

WINTON GROUP Ltd purchased a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 65,328 shares of the bank’s stock, valued at approximately $5,013,000. WINTON GROUP Ltd owned approximately 0.13% of WSFS Financial at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WSFS. Root Financial Partners LLC increased its holdings in WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after buying an additional 207 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in WSFS Financial in the fourth quarter valued at approximately $33,000. Clearstead Advisors LLC grew its position in WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after acquiring an additional 489 shares in the last quarter. Quarry LP grew its position in WSFS Financial by 159.7% in the third quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after acquiring an additional 500 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of WSFS Financial during the 2nd quarter worth $47,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WSFS Financial

In other WSFS Financial news, EVP Shari Kruzinski sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the sale, the executive vice president owned 15,207 shares of the company’s stock, valued at $1,243,020.18. This trade represents a 18.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

WSFS Financial Stock Performance

Shares of WSFS opened at $79.94 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of 13.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. WSFS Financial Corporation has a one year low of $49.92 and a one year high of $82.94. The company’s fifty day moving average price is $79.48 and its 200 day moving average price is $73.04.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. As a group, analysts expect that WSFS Financial Corporation will post 6.58 earnings per share for the current year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 7th. This represents a $0.80 annualized dividend and a yield of 1.0%. WSFS Financial’s dividend payout ratio is presently 13.38%.

Wall Street Analyst Weigh In

WSFS has been the subject of several analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research note on Monday, August 3rd. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 31st. DA Davidson set a $83.00 price target on WSFS Financial and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Stephens downgraded WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target for the company. in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.07.

WSFS Financial 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.