XTX Topco Ltd Buys 6,908 Shares of WSFS Financial Corporation (NASDAQ:WSFS)

Key Points

• XTX Topco Ltd increased its stake in WSFS Financial Corporation by 161.3% during the first quarter, holding 11,190 shares valued at approximately $580,000.
• Several analysts have provided mixed ratings for WSFS Financial, with one analyst issuing a sell rating and two providing buy ratings, resulting in an average rating of "Hold" and a price target of $66.00.
• WSFS Financial recently announced a quarterly dividend of $0.17 per share, payable on August 22nd, representing an annualized dividend yield of 1.2%.

XTX Topco Ltd grew its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 161.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,190 shares of the bank's stock after acquiring an additional 6,908 shares during the period. XTX Topco Ltd's holdings in WSFS Financial were worth $580,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WSFS. Versant Capital Management Inc increased its holdings in shares of WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock worth $28,000 after purchasing an additional 252 shares during the period. CWM LLC lifted its holdings in shares of WSFS Financial by 72.7% during the first quarter. CWM LLC now owns 701 shares of the bank's stock worth $36,000 after purchasing an additional 295 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of WSFS Financial by 804.4% during the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock worth $99,000 after purchasing an additional 1,657 shares during the period. GAMMA Investing LLC lifted its holdings in WSFS Financial by 37.0% in the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock valued at $106,000 after buying an additional 550 shares during the period. Finally, KBC Group NV lifted its holdings in WSFS Financial by 6.8% in the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after buying an additional 196 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. DA Davidson boosted their target price on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods reduced their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Stephens reaffirmed an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $66.00.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS traded up $0.12 during mid-day trading on Friday, reaching $53.47. The company had a trading volume of 214,135 shares, compared to its average volume of 332,553. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 11.73 and a beta of 0.89. The company's 50-day moving average price is $55.24 and its 200-day moving average price is $53.58. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The company had revenue of $267.50 million for the quarter, compared to analysts' expectations 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 was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. As a group, equities research analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 8th. WSFS Financial's dividend payout ratio is presently 14.91%.

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.