AlphaMark Advisors LLC Takes Position in WSFS Financial Co. (NASDAQ:WSFS)

AlphaMark Advisors LLC bought a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,009 shares of the bank’s stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co grew its position in shares of WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock worth $535,000 after buying an additional 225 shares during the period. GAMMA Investing LLC increased its stake in WSFS Financial by 40.5% in the second 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. Texas Permanent School Fund Corp raised its holdings in shares of WSFS Financial by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank’s stock valued at $2,392,000 after purchasing an additional 518 shares during the period. Westover Capital Advisors LLC raised its holdings in shares of WSFS Financial by 8.6% during the fourth quarter. Westover Capital Advisors LLC now owns 6,641 shares of the bank’s stock valued at $305,000 after purchasing an additional 526 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of WSFS Financial by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,880 shares of the bank’s stock worth $1,281,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen P. Clark sold 12,663 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total transaction of $715,712.76. Following the completion of the transaction, the executive vice president now directly owns 25,671 shares of the company’s stock, valued at approximately $1,450,924.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.29% of the company’s stock.

Analyst Ratings Changes

WSFS has been the topic of a number of research reports. Piper Sandler upped their price target on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods upped their target price on WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. DA Davidson boosted their price target on shares of WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Stephens raised their price objective on shares of WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.50.

WSFS Financial Stock Up 2.8 %

Shares of NASDAQ:WSFS traded up $1.37 during mid-day trading on Thursday, hitting $50.57. 191,227 shares of the company traded hands, compared to its average volume of 275,684. The stock has a 50-day moving average price of $49.09 and a two-hundred day moving average price of $45.53. WSFS Financial Co. has a 12-month low of $33.12 and a 12-month high of $58.59. The stock has a market cap of $3.04 billion, a P/E ratio of 11.38 and a beta of 1.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. The business had revenue of $266.00 million for the quarter, compared to analyst estimates of $254.48 million. During the same period last year, the company posted $1.16 earnings per share. WSFS Financial’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that WSFS Financial Co. will post 4.31 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.39%.

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.