WSFS Financial Co. (NASDAQ:WSFS) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 265.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,763 shares of the bank’s stock after acquiring an additional 17,254 shares during the period. Squarepoint Ops LLC’s holdings in WSFS Financial were worth $1,117,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WSFS. Fidelis Capital Partners LLC bought a new position in shares of WSFS Financial in the 1st quarter worth about $45,000. GAMMA Investing LLC grew its position in shares of 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 buying an additional 295 shares during the last quarter. Innealta Capital LLC acquired a new stake in WSFS Financial during the second quarter worth about $114,000. Profund Advisors LLC lifted its holdings in WSFS Financial by 9.4% in the second quarter. Profund Advisors LLC now owns 5,273 shares of the bank’s stock worth $248,000 after acquiring an additional 452 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in WSFS Financial during the 2nd quarter valued at approximately $257,000. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Trading Up 1.2 %

WSFS Financial stock opened at $49.17 on Friday. The company has a 50 day moving average price of $51.80 and a 200 day moving average price of $47.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86. WSFS Financial Co. has a 52 week low of $33.12 and a 52 week high of $58.59. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.98 and a beta of 1.01.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The business had revenue of $266.00 million during the quarter, compared to analyst estimates of $254.48 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that WSFS Financial Co. will post 4.32 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, August 9th. WSFS Financial’s payout ratio is presently 13.39%.

Insider Buying and Selling

In other WSFS Financial news, EVP Stephen P. Clark sold 12,663 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total value of $715,712.76. Following the completion of the sale, the executive vice president now owns 25,671 shares of the company’s stock, valued at $1,450,924.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.