GAMMA Investing LLC Grows Position in WSFS Financial Co. (NASDAQ:WSFS)

GAMMA Investing LLC increased its stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 7,004.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,711 shares of the bank's stock after acquiring an additional 104,223 shares during the quarter. GAMMA Investing LLC owned about 0.18% of WSFS Financial worth $5,483,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in WSFS Financial by 90.0% in the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after buying an additional 252 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in WSFS Financial by 5.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 133,936 shares of the bank's stock valued at $7,116,000 after buying an additional 6,468 shares during the period. Voloridge Investment Management LLC lifted its stake in WSFS Financial by 4.2% in the fourth quarter. Voloridge Investment Management LLC now owns 40,308 shares of the bank's stock valued at $2,142,000 after buying an additional 1,607 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of WSFS Financial by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,659 shares of the bank's stock worth $1,788,000 after purchasing an additional 1,276 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in shares of WSFS Financial during the fourth quarter worth approximately $1,033,000. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Stock Down 2.6%

WSFS Financial stock traded down $1.37 during trading on Friday, hitting $51.71. 537,543 shares of the company were exchanged, compared to its average volume of 306,023. The company has a market capitalization of $2.94 billion, a P/E ratio of 11.70 and a beta of 0.87. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $51.82 and its 200 day moving average is $53.45. WSFS Financial Co. has a 52 week low of $42.44 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. The company had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. Analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.17 dividend. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, May 9th. WSFS Financial's payout ratio is 15.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Stephens reiterated an "overweight" rating and set a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price target on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $62.75.

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.