GAMMA Investing LLC Has $74,000 Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

GAMMA Investing LLC raised its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 41.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,451 shares of the bank’s stock after buying an additional 428 shares during the period. GAMMA Investing LLC’s holdings in WSFS Financial were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WSFS. Los Angeles Capital Management LLC boosted its position in shares of WSFS Financial by 69.6% during the first quarter. Los Angeles Capital Management LLC now owns 7,810 shares of the bank’s stock valued at $353,000 after buying an additional 3,204 shares during the last quarter. Diversified Trust Co boosted its position in WSFS Financial by 41.6% in the first quarter. Diversified Trust Co now owns 11,157 shares of the bank’s stock worth $504,000 after purchasing an additional 3,280 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in WSFS Financial by 41.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 235,953 shares of the bank’s stock valued at $10,651,000 after purchasing an additional 69,527 shares during the period. Principal Financial Group Inc. increased its position in shares of WSFS Financial by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 341,267 shares of the bank’s stock valued at $15,405,000 after purchasing an additional 24,658 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of WSFS Financial by 51.4% during the 1st quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank’s stock worth $1,361,000 after purchasing an additional 10,234 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Up 0.0 %

WSFS opened at $51.34 on Wednesday. The company has a 50 day moving average of $51.25 and a 200 day moving average of $48.13. 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 Co. has a 12 month low of $33.12 and a 12 month high of $58.59. The company has a market cap of $3.09 billion, a PE ratio of 11.46 and a beta of 1.01.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. The company had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $254.48 million. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, sell-side analysts expect that WSFS Financial Co. will post 4.31 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, August 9th. WSFS Financial’s payout ratio is 13.39%.

Insider Activity

In other WSFS Financial 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 value of $715,712.76. Following the sale, the executive vice president now directly owns 25,671 shares in the company, valued at $1,450,924.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of WSFS Financial from $53.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Stephens lifted their price target on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Piper Sandler increased their price objective on WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, DA Davidson boosted their target price on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 29th.

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.