Squarepoint Ops LLC Makes New Investment in WSFS Financial Corporation $WSFS

Squarepoint Ops LLC acquired a new stake in WSFS Financial Corporation (NASDAQ:WSFS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,697 shares of the bank’s stock, valued at approximately $1,028,000.

Several other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock valued at $79,000 after buying an additional 212 shares during the last quarter. CWM LLC boosted its position in shares of WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of WSFS Financial by 0.6% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 63,782 shares of the bank’s stock valued at $3,508,000 after acquiring an additional 354 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of WSFS Financial by 10.8% in the 1st quarter. HighTower Advisors LLC now owns 5,278 shares of the bank’s stock valued at $274,000 after acquiring an additional 516 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of WSFS Financial by 3.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,577 shares of the bank’s stock worth $802,000 after acquiring an additional 540 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $57.41 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $54.68 and its 200 day moving average price is $55.26. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $59.67. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 11.84 and a beta of 0.83.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share (EPS) for the quarter. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. The company had revenue of $161.68 million for the quarter. As a group, research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 7th. WSFS Financial’s dividend payout ratio is 14.02%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. TD Cowen began coverage on WSFS Financial in a report on Thursday, September 25th. They set a “buy” rating and a $67.00 price target on the stock. DA Davidson cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Finally, Piper Sandler set a $62.00 price target on shares of WSFS Financial and gave the company a “neutral” rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

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.