105,941 Shares in WSFS Financial Corporation $WSFS Acquired by Numerai GP LLC

Numerai GP LLC purchased a new position in WSFS Financial Corporation (NASDAQ:WSFS) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 105,941 shares of the bank’s stock, valued at approximately $5,713,000. WSFS Financial makes up about 0.8% of Numerai GP LLC’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of WSFS Financial by 1.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,610,976 shares of the bank’s stock valued at $143,604,000 after acquiring an additional 27,151 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of WSFS Financial by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,544,508 shares of the bank’s stock worth $83,295,000 after acquiring an additional 33,398 shares during the last quarter. Cooke & Bieler LP raised its position in shares of WSFS Financial by 15.5% during the third quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock worth $55,653,000 after purchasing an additional 138,220 shares during the period. Invesco Ltd. lifted its holdings in shares of WSFS Financial by 2.1% during the third quarter. Invesco Ltd. now owns 1,005,660 shares of the bank’s stock valued at $54,235,000 after purchasing an additional 20,293 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of WSFS Financial by 14.5% in the 3rd quarter. Pzena Investment Management LLC now owns 928,413 shares of the bank’s stock valued at $50,069,000 after purchasing an additional 117,244 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of WSFS Financial stock opened at $62.72 on Tuesday. The stock has a 50-day moving average price of $63.06 and a 200 day moving average price of $57.93. The company has a market cap of $3.31 billion, a P/E ratio of 12.30 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a 1 year low of $42.44 and a 1 year high of $71.32.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.17. The company had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $267.36 million. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. WSFS Financial’s payout ratio is presently 13.33%.

Insider Activity at WSFS Financial

In other WSFS Financial news, EVP James J. Wechsler sold 450 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $69.89, for a total value of $31,450.50. Following the transaction, the executive vice president owned 5,777 shares in the company, valued at approximately $403,754.53. This represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur J. Bacci sold 2,005 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $70.51, for a total transaction of $141,372.55. Following the completion of the sale, the executive vice president owned 26,366 shares of the company’s stock, valued at approximately $1,859,066.66. The trade was a 7.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,455 shares of company stock valued at $242,923. Corporate insiders own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $71.00 price target (up from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. Piper Sandler boosted their price target on shares of WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.58.

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.