WSFS Financial Co. (NASDAQ:WSFS) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP raised its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,465 shares of the bank’s stock after buying an additional 1,446 shares during the period. Advantage Alpha Capital Partners LP’s holdings in WSFS Financial were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after acquiring an additional 900 shares in the last quarter. GAMMA Investing LLC boosted its stake in WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after purchasing an additional 295 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of WSFS Financial during the 2nd quarter valued at $114,000. SG Americas Securities LLC acquired a new position in shares of WSFS Financial during the 3rd quarter valued at $127,000. Finally, Ascent Group LLC bought a new stake in shares of WSFS Financial in the 2nd quarter worth $201,000. 88.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Finally, Piper Sandler lifted their price objective on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Stock Down 1.6 %

Shares of WSFS Financial stock opened at $60.14 on Wednesday. WSFS Financial Co. has a 12-month low of $37.09 and a 12-month high of $62.75. The firm has a market capitalization of $3.54 billion, a PE ratio of 13.73 and a beta of 1.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $52.60 and its 200-day moving average is $50.28.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The firm had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. During the same quarter in the previous year, the company earned $1.23 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, November 8th. WSFS Financial’s payout ratio is 13.70%.

WSFS Financial Company 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.