SG Americas Securities LLC Makes New $127,000 Investment in WSFS Financial Co. (NASDAQ:WSFS)

SG Americas Securities LLC bought a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,488 shares of the bank’s stock, valued at approximately $127,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Diversified Trust Co lifted its holdings in shares of WSFS Financial by 41.6% in the first quarter. Diversified Trust Co now owns 11,157 shares of the bank’s stock worth $504,000 after buying an additional 3,280 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of WSFS Financial by 7.8% in the first quarter. Principal Financial Group Inc. now owns 341,267 shares of the bank’s stock worth $15,405,000 after buying an additional 24,658 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of WSFS Financial by 51.4% in the first quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank’s stock worth $1,361,000 after buying an additional 10,234 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of WSFS Financial in the first quarter worth about $45,000. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of WSFS Financial by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank’s stock worth $2,392,000 after buying an additional 518 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Down 3.2 %

Shares of WSFS opened at $49.10 on Friday. The firm’s 50 day simple moving average is $51.45 and its 200 day simple moving average is $48.55. The company has a market capitalization of $2.91 billion, a P/E ratio of 10.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86. WSFS Financial Co. has a 1-year low of $33.69 and a 1-year high of $58.59.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. WSFS Financial’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.23 earnings per share. Sell-side analysts forecast that WSFS Financial Co. will post 4.31 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, November 8th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.27%.

Insiders Place Their Bets

In other WSFS Financial news, EVP Stephen P. Clark sold 12,663 shares of WSFS Financial stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total transaction of $715,712.76. Following the transaction, the executive vice president now directly owns 25,671 shares of the company’s stock, valued at approximately $1,450,924.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WSFS. Keefe, Bruyette & Woods increased their price target on shares of WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Piper Sandler increased their price target on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. DA Davidson raised their target price on shares of WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Stephens raised their target price on shares of WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, July 29th.

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.