Amalgamated Bank Sells 510 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Amalgamated Bank decreased its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,348 shares of the bank’s stock after selling 510 shares during the quarter. Amalgamated Bank’s holdings in WSFS Financial were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $45,000. GAMMA Investing LLC increased its holdings in shares of WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after acquiring an additional 295 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of WSFS Financial by 115,450.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,311 shares of the bank’s stock valued at $106,000 after acquiring an additional 2,309 shares in the last quarter. Innealta Capital LLC bought a new stake in WSFS Financial during the second quarter worth $114,000. Finally, SG Americas Securities LLC bought a new stake in WSFS Financial during the first quarter worth $298,000. Institutional investors own 88.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson upped their price target on WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Piper Sandler boosted their price objective on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods boosted their price objective on WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, Stephens upped their price target on WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, WSFS Financial presently has an average rating of “Hold” and a consensus price target of $61.50.

Insiders Place Their Bets

In other WSFS Financial news, EVP Stephen P. Clark sold 12,663 shares of WSFS Financial stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total value of $715,712.76. Following the completion of the sale, the executive vice president now owns 25,671 shares of the company’s stock, valued at approximately $1,450,924.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.29% of the company’s stock.

WSFS Financial Trading Down 0.1 %

NASDAQ WSFS opened at $50.10 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 11.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day simple moving average of $52.53 and a two-hundred day simple moving average of $47.58. WSFS Financial Co. has a fifty-two week low of $33.12 and a fifty-two week high of $58.59.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. The company had revenue of $266.00 million during the quarter, compared to analyst estimates of $254.48 million. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that WSFS Financial Co. will post 4.32 earnings per share for the current year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, August 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.39%.

About WSFS Financial

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.