GSA Capital Partners LLP Sells 12,636 Shares of WSFS Financial Corporation $WSFS

GSA Capital Partners LLP decreased its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 67.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,026 shares of the bank’s stock after selling 12,636 shares during the period. GSA Capital Partners LLP’s holdings in WSFS Financial were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of WSFS Financial by 102.6% in the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock valued at $537,000 after acquiring an additional 5,240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of WSFS Financial by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after purchasing an additional 1,176 shares during the last quarter. Millennium Management LLC boosted its position in WSFS Financial by 230.4% during the first quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock valued at $3,772,000 after purchasing an additional 50,717 shares in the last quarter. United Services Automobile Association bought a new stake in WSFS Financial during the first quarter valued at about $204,000. Finally, Jane Street Group LLC grew its stake in WSFS Financial by 579.0% in the first quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock valued at $6,093,000 after purchasing an additional 100,171 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Up 0.5%

Shares of WSFS Financial stock opened at $66.38 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 12-month low of $42.44 and a 12-month high of $71.32. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 13.02 and a beta of 0.79. The firm’s 50 day simple moving average is $61.36 and its two-hundred day simple moving average is $57.31.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The business had revenue of $90.08 million during the quarter, compared to the consensus estimate of $267.36 million. During the same period in the previous year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. WSFS Financial’s payout ratio is currently 13.33%.

Analyst Ratings Changes

Several research firms have commented on WSFS. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Zacks Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. DA Davidson began coverage on shares of WSFS Financial in a report on Wednesday. They issued a “neutral” rating and a $74.00 price target on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $71.00 price target (up from $66.00) on shares of WSFS Financial in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.80.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 2,005 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $70.51, for a total transaction of $141,372.55. Following the sale, the executive vice president directly owned 26,366 shares of the company’s stock, valued at approximately $1,859,066.66. This trade represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shari Kruzinski sold 1,000 shares of WSFS Financial stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $70.10, for a total value of $70,100.00. Following the transaction, the executive vice president owned 14,740 shares of the company’s stock, valued at $1,033,274. The trade was a 6.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,455 shares of company stock valued at $242,923. 1.10% of the stock is owned by insiders.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.