GAMMA Investing LLC Cuts Stock Holdings in WSFS Financial Corporation $WSFS

GAMMA Investing LLC decreased its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,695 shares of the bank’s stock after selling 343 shares during the quarter. GAMMA Investing LLC’s holdings in WSFS Financial were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of WSFS Financial by 90.0% in the first quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock worth $28,000 after acquiring an additional 252 shares during the period. CWM LLC grew its stake in shares of WSFS Financial by 72.7% in the first quarter. CWM LLC now owns 701 shares of the bank’s stock worth $36,000 after acquiring an additional 295 shares during the period. Farther Finance Advisors LLC grew its stake in shares of WSFS Financial by 618.4% in the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after acquiring an additional 1,076 shares during the period. KBC Group NV grew its stake in shares of WSFS Financial by 6.8% in the first quarter. KBC Group NV now owns 3,081 shares of the bank’s stock worth $160,000 after acquiring an additional 196 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of WSFS Financial in the second quarter worth approximately $227,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $53.66 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a fifty day moving average price of $55.83 and a 200 day moving average price of $54.00. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 11.77 and a beta of 0.87.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $267.50 million during the quarter, compared to analyst estimates of $221.93 million. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. WSFS Financial’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, sell-side analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. WSFS Financial’s dividend payout ratio (DPR) is currently 14.91%.

Analyst Ratings Changes

WSFS has been the subject of a number of research analyst reports. TD Cowen initiated coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target for the company. DA Davidson lifted their price target on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.25.

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.