Amalgamated Bank Has $862,000 Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Amalgamated Bank lessened its stake in WSFS Financial Co. (NASDAQ:WSFS) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,348 shares of the bank’s stock after selling 510 shares during the quarter. Amalgamated Bank’s holdings in WSFS Financial were worth $862,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new stake in shares of WSFS Financial in the 1st quarter valued at approximately $1,253,000. Wedge Capital Management L L P NC boosted its holdings in shares of WSFS Financial by 29.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock valued at $3,871,000 after buying an additional 18,636 shares during the last quarter. Norges Bank acquired a new stake in shares of WSFS Financial in the 4th quarter valued at approximately $31,369,000. BNP Paribas Financial Markets boosted its holdings in shares of WSFS Financial by 51.4% in the 1st quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank’s stock valued at $1,361,000 after buying an additional 10,234 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of WSFS Financial by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock valued at $331,246,000 after buying an additional 372,402 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Down 0.1 %

WSFS stock opened at $50.10 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.18 and a beta of 1.02. The business’s fifty day moving average price is $52.53 and its two-hundred day moving average price is $47.58. WSFS Financial Co. has a fifty-two week low of $33.12 and a fifty-two week high of $58.59.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. The firm had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $254.48 million. During the same quarter last year, the business earned $1.16 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that WSFS Financial Co. will post 4.32 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, August 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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 note on Tuesday, July 30th. Stephens increased their price target on WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. DA Davidson increased their price target on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on WSFS Financial from $53.00 to $61.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.50.

Insider Activity at WSFS Financial

In related news, EVP Stephen P. Clark sold 12,663 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total value of $715,712.76. Following the sale, the executive vice president now directly owns 25,671 shares of the company’s stock, valued at $1,450,924.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is currently owned by insiders.

WSFS Financial Company 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.