Advantage Alpha Capital Partners LP Has $216,000 Holdings in WSFS Financial Corporation $WSFS

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in WSFS Financial Corporation by 60.8%, selling 6,474 shares and ending up with 4,173 shares valued at approximately $216,000.
• WSFS Financial reported quarterly earnings of $1.27 EPS, exceeding estimates, with revenues reaching $267.5 million, marking a year-over-year growth of 0.6%.
• The company announced a quarterly dividend of $0.17 per share with a yield of 1.2%, reflecting a payout ratio of 14.91%.

Advantage Alpha Capital Partners LP reduced its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 60.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,173 shares of the bank's stock after selling 6,474 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in WSFS Financial were worth $216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WSFS. Boston Partners bought a new position in shares of WSFS Financial during the 1st quarter worth about $17,668,000. Nuveen LLC bought a new position in shares of WSFS Financial during the 1st quarter worth about $12,090,000. Cooke & Bieler LP increased its holdings in shares of WSFS Financial by 14.0% during the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock worth $46,283,000 after purchasing an additional 109,519 shares during the period. GAMMA Investing LLC increased its holdings in shares of WSFS Financial by 7,004.2% during the 1st quarter. GAMMA Investing LLC now owns 105,711 shares of the bank's stock worth $5,483,000 after purchasing an additional 104,223 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of WSFS Financial during the 1st quarter worth about $3,290,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WSFS shares. Stephens restated an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Finally, DA Davidson lifted their target price on shares of WSFS Financial from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.00.

WSFS Financial Price Performance

Shares of WSFS Financial stock traded up $0.89 during trading on Tuesday, hitting $58.27. 266,259 shares of the company's stock traded hands, compared to its average volume of 331,573. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm's fifty day moving average price is $55.93 and its 200 day moving average price is $53.54. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $62.75. The company has a market cap of $3.26 billion, a PE ratio of 12.78 and a beta of 0.89.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The firm had revenue of $267.50 million for 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%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. Analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.17 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. WSFS Financial's payout ratio is 14.91%.

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.