WINTON GROUP Ltd acquired a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 65,328 shares of the bank’s stock, valued at approximately $5,013,000.
A number of other large investors have also made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in shares of WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after buying an additional 207 shares during the period. NewEdge Advisors LLC bought a new position in WSFS Financial during the fourth quarter valued at about $33,000. Allworth Financial LP bought a new position in WSFS Financial during the second quarter valued at about $47,000. Clearstead Advisors LLC raised its holdings in WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after acquiring an additional 489 shares in the last quarter. Finally, Quarry LP raised its holdings in WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock valued at $44,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. DA Davidson set a $83.00 price objective on WSFS Financial and gave the stock a “neutral” rating in a report on Monday, July 27th. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, July 29th. Weiss Ratings raised WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 31st. Stephens lowered shares of WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target on the stock. in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of WSFS Financial from $83.00 to $89.00 and gave the company 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.07.
WSFS Financial Stock Performance
WSFS Financial stock opened at $79.94 on Friday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 13.37 and a beta of 0.76. The stock has a fifty day moving average price of $79.48 and a two-hundred day moving average price of $73.04. WSFS Financial Corporation has a 52-week low of $49.92 and a 52-week high of $82.94. 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 (NASDAQ:WSFS – Get Free Report) last issued its earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, beating the consensus estimate of $1.50 by $0.16. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.41 million. During the same quarter in the previous year, the company earned $1.27 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts anticipate that WSFS Financial Corporation will post 6.58 EPS for the current fiscal year.
WSFS Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.38%.
Insider Buying and Selling
In other WSFS Financial news, EVP Shari Kruzinski sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total transaction of $286,090.00. Following the sale, the executive vice president directly owned 15,207 shares of the company’s stock, valued at approximately $1,243,020.18. This represents a 18.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
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.
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