Y Intercept Hong Kong Ltd Purchases Shares of 4,615 WSFS Financial Co. (NASDAQ:WSFS)

Y Intercept Hong Kong Ltd acquired a new position in WSFS Financial Co. (NASDAQ:WSFS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,615 shares of the bank’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also modified their holdings of WSFS. Mill Creek Capital Advisors LLC acquired a new stake in WSFS Financial during the third quarter worth $718,000. Jane Street Group LLC boosted its position in shares of WSFS Financial by 47.9% during the 3rd quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock valued at $5,821,000 after acquiring an additional 36,990 shares in the last quarter. Victory Capital Management Inc. increased its stake in WSFS Financial by 30.6% in the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock valued at $1,875,000 after acquiring an additional 8,617 shares during the period. Squarepoint Ops LLC raised its position in WSFS Financial by 265.1% in the second quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank’s stock worth $1,117,000 after purchasing an additional 17,254 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in WSFS Financial by 34.1% during the second quarter. Sei Investments Co. now owns 48,343 shares of the bank’s stock worth $2,272,000 after purchasing an additional 12,298 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WSFS shares. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, WSFS Financial presently has an average rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $53.22 on Thursday. The firm has a 50 day simple moving average of $55.37 and a 200 day simple moving average of $51.88. WSFS Financial Co. has a fifty-two week low of $40.19 and a fifty-two week high of $62.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $3.13 billion, a P/E ratio of 12.15 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. Sell-side analysts predict that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s dividend payout ratio is 13.70%.

About WSFS Financial

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.