GSA Capital Partners LLP Takes $1.26 Million Position in WSFS Financial Corporation $WSFS

GSA Capital Partners LLP purchased a new position in WSFS Financial Corporation (NASDAQ:WSFS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,487 shares of the bank’s stock, valued at approximately $1,265,000.

Several other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after purchasing an additional 207 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in WSFS Financial in the fourth quarter valued at $33,000. Torren Management LLC purchased a new position in shares of WSFS Financial in the fourth quarter valued at $35,000. Clearstead Advisors LLC increased its position in shares of WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after buying an additional 489 shares in the last quarter. Finally, Quarry LP raised its stake in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after buying an additional 500 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Stock Up 0.2%

NASDAQ WSFS opened at $81.81 on Tuesday. The business has a 50 day moving average price of $78.20 and a two-hundred day moving average price of $71.54. The stock has a market cap of $4.18 billion, a PE ratio of 13.68 and a beta of 0.76. WSFS Financial Corporation has a fifty-two week low of $49.92 and a fifty-two week high of $82.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

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, topping the consensus estimate of $1.50 by $0.16. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. As a group, sell-side analysts predict that WSFS Financial Corporation will post 6.58 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.38%.

Analyst Ratings Changes

Several research firms have weighed in on WSFS. TD Cowen restated a “buy” rating on shares of WSFS Financial in a report on Wednesday, July 29th. Piper Sandler reissued a “neutral” rating and set a $90.00 price target (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Stephens lowered shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective for the company. in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of WSFS Financial in a research note on Friday, June 12th. Finally, Keefe, Bruyette & Woods increased their price target on shares of WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, WSFS Financial has an average rating of “Hold” and a consensus target price of $83.07.

Insiders Place Their Bets

In other WSFS Financial news, EVP Shari Kruzinski sold 3,500 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total transaction of $286,090.00. Following the transaction, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. This represents a 18.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rodger Levenson sold 65,446 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the transaction, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

About WSFS Financial

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.