Y Intercept Hong Kong Ltd Makes New Investment in WSFS Financial Co. (NASDAQ:WSFS)

Y Intercept Hong Kong Ltd purchased a new stake in WSFS Financial Co. (NASDAQ:WSFS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,615 shares of the bank’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of WSFS Financial by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank’s stock worth $183,450,000 after purchasing an additional 110,279 shares in the last quarter. State Street Corp raised its stake in WSFS Financial by 3.0% during the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock worth $154,519,000 after buying an additional 87,781 shares during the period. Champlain Investment Partners LLC lifted its holdings in WSFS Financial by 1.2% during the third quarter. Champlain Investment Partners LLC now owns 1,299,998 shares of the bank’s stock worth $66,287,000 after acquiring an additional 14,792 shares in the last quarter. American Century Companies Inc. grew its stake in WSFS Financial by 27.9% in the second quarter. American Century Companies Inc. now owns 877,467 shares of the bank’s stock valued at $41,241,000 after acquiring an additional 191,566 shares during the period. Finally, abrdn plc increased its holdings in shares of WSFS Financial by 1.0% in the third quarter. abrdn plc now owns 620,808 shares of the bank’s stock worth $31,655,000 after acquiring an additional 6,380 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Down 5.7 %

Shares of WSFS Financial stock opened at $53.22 on Thursday. The stock has a market cap of $3.13 billion, a P/E ratio of 12.15 and a beta of 1.06. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial Co. has a 12-month low of $40.19 and a 12-month high of $62.75. The business’s 50 day moving average is $55.37 and its 200-day moving average is $51.88.

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

WSFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. WSFS Financial’s payout ratio is 13.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.75.

About WSFS Financial

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.