WSFS Financial Co. (NASDAQ:WSFS) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its position in WSFS Financial Co. (NASDAQ:WSFS) by 18.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,465 shares of the bank’s stock after buying an additional 1,446 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in WSFS Financial were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of WSFS Financial in the third quarter worth about $792,000. Fisher Asset Management LLC raised its position in shares of WSFS Financial by 20.1% in the 3rd quarter. Fisher Asset Management LLC now owns 220,000 shares of the bank’s stock valued at $11,218,000 after purchasing an additional 36,798 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of WSFS Financial by 1.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,299,998 shares of the bank’s stock valued at $66,287,000 after purchasing an additional 14,792 shares in the last quarter. Citigroup Inc. grew its position in shares of WSFS Financial by 17.8% during the third quarter. Citigroup Inc. now owns 105,232 shares of the bank’s stock worth $5,366,000 after buying an additional 15,881 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in WSFS Financial by 1.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 255,452 shares of the bank’s stock worth $14,295,000 after acquiring an additional 3,861 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $60.14 on Wednesday. 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 capitalization of $3.54 billion, a PE ratio of 13.73 and a beta of 1.02. WSFS Financial Co. has a 1-year low of $37.09 and a 1-year high of $62.75. The business’s fifty day moving average price is $52.60 and its two-hundred day moving average price is $50.28.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data 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 business had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. On average, research analysts expect that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. WSFS Financial’s dividend payout ratio is presently 13.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WSFS shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 price target (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, Piper Sandler lifted their price target on shares of WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $59.75.

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.