SG Americas Securities LLC Purchases 43,924 Shares of WSFS Financial Corporation $WSFS

SG Americas Securities LLC lifted its position in WSFS Financial Corporation (NASDAQ:WSFS) by 499.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,722 shares of the bank’s stock after purchasing an additional 43,924 shares during the period. SG Americas Securities LLC owned about 0.09% of WSFS Financial worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Cerity Partners LLC bought a new position in WSFS Financial in the 1st quarter worth $661,000. CWM LLC boosted its stake in shares of WSFS Financial by 72.7% in the first quarter. CWM LLC now owns 701 shares of the bank’s stock worth $36,000 after acquiring an additional 295 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of WSFS Financial during the first quarter worth about $3,290,000. Bryce Point Capital LLC purchased a new stake in shares of WSFS Financial during the first quarter worth about $863,000. Finally, XTX Topco Ltd raised its stake in WSFS Financial by 161.3% during the 1st quarter. XTX Topco Ltd now owns 11,190 shares of the bank’s stock valued at $580,000 after purchasing an additional 6,908 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Up 1.6%

Shares of NASDAQ WSFS opened at $53.12 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. WSFS Financial Corporation has a 12-month low of $42.44 and a 12-month high of $62.75. The firm’s 50-day moving average price is $53.89 and its 200-day moving average price is $54.83. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 10.95 and a beta of 0.93.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. The company had revenue of $161.68 million for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%. On average, equities research analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 7th. WSFS Financial’s dividend payout ratio (DPR) is 14.02%.

Analyst Ratings Changes

Several research firms have weighed in on WSFS. Cowen restated a “buy” rating on shares of WSFS Financial in a research note on Tuesday, October 28th. DA Davidson cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. TD Cowen started coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.25.

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.