GAMMA Investing LLC Buys 550 Shares of WSFS Financial Corporation (NASDAQ:WSFS)

GAMMA Investing LLC grew its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 37.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,038 shares of the bank’s stock after acquiring an additional 550 shares during the quarter. GAMMA Investing LLC’s holdings in WSFS Financial were worth $106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock valued at $28,000 after purchasing an additional 252 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of WSFS Financial by 2,500.0% during the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after purchasing an additional 550 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of WSFS Financial during the fourth quarter valued at $32,000. VSM Wealth Advisory LLC bought a new position in shares of WSFS Financial during the fourth quarter valued at $40,000. Finally, AlphaQuest LLC bought a new position in shares of WSFS Financial during the fourth quarter valued at $84,000. 88.49% of the stock is owned by institutional investors.

WSFS Financial Stock Up 1.4%

WSFS Financial stock opened at $59.05 on Monday. The stock has a market cap of $3.35 billion, a PE ratio of 13.27 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $62.75. The stock has a fifty day moving average of $53.66 and a 200 day moving average of $52.98.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $256.11 million during the quarter, compared to analysts’ expectations of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. WSFS Financial’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. As a group, sell-side analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.17 dividend. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. WSFS Financial’s dividend payout ratio is presently 15.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WSFS. Stephens reaffirmed an “overweight” rating and set a $64.00 price target on shares of WSFS Financial in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, WSFS Financial has an average rating of “Hold” and a consensus target price of $62.75.

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.