WSFS Financial Corporation $WSFS Holdings Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,194 shares of the bank’s stock after selling 467 shares during the period. Yousif Capital Management LLC’s holdings in WSFS Financial were worth $1,166,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WSFS. Boston Partners purchased a new stake in WSFS Financial in the 1st quarter worth about $17,668,000. Nuveen LLC purchased a new stake in WSFS Financial in the 1st quarter worth about $12,090,000. Cooke & Bieler LP lifted its stake in WSFS Financial by 14.0% in the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank’s stock worth $46,283,000 after acquiring an additional 109,519 shares in the last quarter. Jane Street Group LLC lifted its stake in WSFS Financial by 579.0% in the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after acquiring an additional 100,171 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in WSFS Financial in the 1st quarter worth about $3,290,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WSFS shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. DA Davidson downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, TD Cowen initiated coverage on WSFS Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.25.

WSFS Financial Trading Up 0.1%

Shares of WSFS opened at $52.65 on Wednesday. The stock has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $54.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $62.75. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 11.55 and a beta of 0.86.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 earnings per share (EPS) for the quarter. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The firm had revenue of $161.68 million during the quarter. Analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

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.