GSA Capital Partners LLP Makes New $1.26 Million Investment in WSFS Financial Corporation $WSFS

Key Points

• GSA Capital Partners acquired 16,487 shares of WSFS Financial during the second quarter, valued at approximately $1.26 million. Institutional investors collectively own 88.49% of the company.
• WSFS Financial reported quarterly EPS of $1.66, beating estimates of $1.50, while revenue rose 5.6% year over year to $284.7 million. The company declared a quarterly dividend of $0.20 per share, equivalent to a 1.0% yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $83.07, close to the stock’s reported $81.81 price. Recent insider activity included sizable share sales by the CEO and an executive vice president.

GSA Capital Partners LLP acquired a new stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,487 shares of the bank's stock, valued at approximately $1,265,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in WSFS Financial by 11.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank's stock worth $88,000 after purchasing an additional 163 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in WSFS Financial by 0.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank's stock valued at $3,782,000 after purchasing an additional 198 shares during the last quarter. Root Financial Partners LLC raised its holdings in WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank's stock worth $28,000 after purchasing an additional 207 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in WSFS Financial by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank's stock worth $63,000 after purchasing an additional 221 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of WSFS Financial by 3.7% during the 3rd quarter. Lido Advisors LLC now owns 6,389 shares of the bank's stock worth $345,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Stock Up 0.2%

WSFS Financial stock opened at $81.81 on Tuesday. WSFS Financial Corporation has a twelve month low of $49.92 and a twelve month high of $82.94. The stock has a 50 day moving average of $78.20 and a two-hundred day moving average of $71.54. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 13.68 and a beta of 0.76.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.16. The firm had revenue of $284.70 million for the quarter, compared to analyst estimates of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. WSFS Financial's quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.27 EPS. As a group, research analysts expect that WSFS Financial Corporation will post 6.58 earnings per share for the current year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. WSFS Financial's dividend payout ratio is currently 13.38%.

Insider Transactions at WSFS Financial

In other news, CEO Rodger Levenson sold 65,446 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the transaction, the chief executive officer directly owned 186,088 shares of the company's stock, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the sale, the executive vice president owned 15,207 shares in the company, valued at approximately $1,243,020.18. This trade represents a 18.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. DA Davidson set a $83.00 target price on shares of WSFS Financial and gave the company a "neutral" rating in a report on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of WSFS Financial in a research note on Friday, June 12th. Piper Sandler reaffirmed a "neutral" rating and set a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. Stephens downgraded WSFS Financial from an "overweight" rating to an "equal weight" rating and set a $87.00 target price for the company. in a report on Wednesday, August 12th. Finally, TD Cowen restated a "buy" rating on shares of WSFS Financial in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $83.07.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

Want to see what other hedge funds are holding WSFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WSFS Financial Corporation (NASDAQ:WSFS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source