AlphaMark Advisors LLC Has $330,000 Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

AlphaMark Advisors LLC lowered its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 7.7% in the third quarter, HoldingsChannel reports. The fund owned 6,470 shares of the bank’s stock after selling 539 shares during the period. AlphaMark Advisors LLC’s holdings in WSFS Financial were worth $330,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of WSFS Financial by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock worth $331,246,000 after purchasing an additional 372,402 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in WSFS Financial by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank’s stock worth $183,450,000 after buying an additional 110,279 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of WSFS Financial by 14.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,293,281 shares of the bank’s stock worth $58,379,000 after buying an additional 160,090 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of WSFS Financial by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank’s stock valued at $41,241,000 after acquiring an additional 191,566 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position 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 valued at $15,405,000 after acquiring an additional 24,658 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WSFS has been the subject of several recent research reports. Piper Sandler increased their price target on WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. 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. Keefe, Bruyette & Woods upped their price target on shares of WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, DA Davidson lifted their price objective on shares of WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, July 29th.

Insider Buying and Selling at WSFS Financial

In other news, EVP Stephen P. Clark sold 12,663 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total value of $715,712.76. Following the transaction, the executive vice president now owns 25,671 shares of the company’s stock, valued at approximately $1,450,924.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.21% of the company’s stock.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS opened at $51.97 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.08 billion, a P/E ratio of 11.50 and a beta of 1.01. WSFS Financial Co. has a 12 month low of $33.12 and a 12 month high of $58.59. The stock has a 50 day moving average of $51.43 and a 200-day moving average of $48.29.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $254.48 million. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. As a group, equities research analysts predict that WSFS Financial Co. will post 4.31 EPS for the current year.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.27%.

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.