denkapparat Operations GmbH Takes $656,000 Position in WSFS Financial Corporation $WSFS

denkapparat Operations GmbH bought a new position in WSFS Financial Corporation (NASDAQ:WSFS) during the 2nd quarter, Holdings Channel.com reports. The firm bought 8,546 shares of the bank’s stock, valued at approximately $656,000.

Several other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in WSFS Financial by 11.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,598 shares of the bank’s stock valued at $88,000 after buying an additional 163 shares during the last quarter. Root Financial Partners LLC grew its holdings in WSFS Financial by 92.4% in the 1st quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after acquiring an additional 207 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of WSFS Financial by 23.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank’s stock valued at $63,000 after acquiring an additional 221 shares during the period. Lido Advisors LLC increased its position in shares of WSFS Financial by 3.7% in the third quarter. Lido Advisors LLC now owns 6,389 shares of the bank’s stock valued at $345,000 after acquiring an additional 225 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of WSFS Financial by 11.9% during the second quarter. GAMMA Investing LLC now owns 2,414 shares of the bank’s stock valued at $185,000 after acquiring an additional 256 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Rodger Levenson sold 65,446 shares of WSFS Financial stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the transaction, the chief executive officer directly owned 186,088 shares in the company, valued at approximately $13,790,981.68. This trade represents a 26.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shari Kruzinski sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the sale, the executive vice president owned 15,207 shares in the company, valued at $1,243,020.18. The trade was a 18.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

WSFS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research report on Wednesday, July 29th. Stephens cut WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective for the company. in a report on Wednesday, August 12th. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Finally, Weiss Ratings raised WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.07.

WSFS Financial Price Performance

Shares of WSFS stock opened at $79.37 on Friday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 13.27 and a beta of 0.76. The business’s fifty day moving average is $79.31 and its 200 day moving average is $72.65. WSFS Financial Corporation has a twelve month low of $49.92 and a twelve month high of $82.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, beating the consensus estimate of $1.50 by $0.16. The business had revenue of $284.70 million during the quarter, compared to analyst estimates of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. Research analysts expect that WSFS Financial Corporation will post 6.58 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. WSFS Financial’s dividend payout ratio (DPR) is 13.38%.

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.