SG Americas Securities LLC Lowers Stock Holdings in WSFS Financial Corporation $WSFS

SG Americas Securities LLC lowered its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 86.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,976 shares of the bank’s stock after selling 45,746 shares during the period. SG Americas Securities LLC’s holdings in WSFS Financial were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in WSFS Financial by 31.2% in the second 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. EverSource Wealth Advisors LLC increased its holdings in shares of WSFS Financial by 265.4% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after acquiring an additional 706 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of WSFS Financial by 618.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after purchasing an additional 1,076 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in WSFS Financial by 17.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in WSFS Financial during the 2nd quarter valued at about $82,000. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday. TD Cowen restated a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 7th. DA Davidson downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Piper Sandler set a $62.00 target price on WSFS Financial and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, WSFS Financial presently has an average rating of “Moderate Buy” and an average price target of $65.40.

WSFS Financial Trading Down 3.6%

NASDAQ:WSFS opened at $57.74 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. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $60.35. The company has a market cap of $3.16 billion, a PE ratio of 11.91 and a beta of 0.80. The company has a 50 day simple moving average of $56.38 and a two-hundred day simple moving average of $55.65.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, October 23rd. The bank reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.13. The firm had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $269.04 million. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Company 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.