denkapparat Operations GmbH Takes Position in WSFS Financial Corporation $WSFS

denkapparat Operations GmbH acquired a new stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the second quarter, according to its most recent filing with the SEC. The fund acquired 8,546 shares of the bank’s stock, valued at approximately $656,000.

Several other large investors have also added to or reduced their stakes in WSFS. Parkside Financial Bank & Trust lifted its holdings in shares of WSFS Financial by 11.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank’s stock worth $88,000 after buying an additional 163 shares in the last quarter. Root Financial Partners LLC grew its stake in WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after acquiring an additional 207 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in WSFS Financial by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank’s stock valued at $63,000 after acquiring an additional 221 shares in the last quarter. Lido Advisors LLC increased its holdings in WSFS Financial by 3.7% during the 3rd quarter. Lido Advisors LLC now owns 6,389 shares of the bank’s stock worth $345,000 after acquiring an additional 225 shares during the period. Finally, GAMMA Investing LLC increased its holdings in WSFS Financial by 11.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,414 shares of the bank’s stock worth $185,000 after acquiring an additional 256 shares during the period. Institutional investors own 88.49% of the company’s stock.

Insider Activity at WSFS Financial

In related news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total value of $286,090.00. Following the transaction, the executive vice president owned 15,207 shares in the company, valued at $1,243,020.18. This trade represents a 18.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rodger Levenson sold 65,446 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the sale, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at $13,790,981.68. This represents a 26.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

WSFS Financial Trading Up 0.7%

NASDAQ WSFS opened at $79.37 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $79.31 and its two-hundred day simple moving average is $72.65. WSFS Financial Corporation has a twelve month low of $49.92 and a twelve month high of $82.94. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 13.27 and a beta of 0.76.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. The firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 EPS. Research analysts forecast that WSFS Financial Corporation will post 6.58 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. WSFS Financial’s dividend payout ratio (DPR) is 13.38%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $83.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Stephens downgraded WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective on the stock. in a research report on Wednesday, August 12th. DA Davidson set a $83.00 target price on WSFS Financial and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings upgraded WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Finally, Piper Sandler restated a “neutral” rating and issued a $90.00 target price (up from $80.00) on shares of WSFS Financial in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WSFS Financial currently has an average rating of “Hold” and a consensus price target of $83.07.

WSFS Financial Profile

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.