Centiva Capital LP Purchases Shares of 8,649 WSFS Financial Co. (NASDAQ:WSFS)

Centiva Capital LP purchased a new position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 8,649 shares of the bank's stock, valued at approximately $441,000.

A number of other large investors have also recently bought and sold shares of WSFS. Wedge Capital Management L L P NC lifted its position in WSFS Financial by 29.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank's stock valued at $3,871,000 after acquiring an additional 18,636 shares in the last quarter. Mill Creek Capital Advisors LLC purchased a new position in WSFS Financial during the third quarter worth about $718,000. Victory Capital Management Inc. boosted its holdings in WSFS Financial by 30.6% during the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank's stock worth $1,875,000 after purchasing an additional 8,617 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in WSFS Financial by 265.1% during the second quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank's stock worth $1,117,000 after purchasing an additional 17,254 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in WSFS Financial by 34.1% during the second quarter. Sei Investments Co. now owns 48,343 shares of the bank's stock worth $2,272,000 after purchasing an additional 12,298 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Trading Down 0.6 %

Shares of WSFS Financial stock traded down $0.38 during trading on Monday, reaching $59.17. The company's stock had a trading volume of 200,415 shares, compared to its average volume of 273,879. WSFS Financial Co. has a 52-week low of $40.19 and a 52-week high of $62.75. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 13.51 and a beta of 1.06. The firm's 50-day moving average is $54.28 and its two-hundred day moving average is $51.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business had revenue of $267.61 million during the quarter, compared to analysts' expectations of $260.35 million. During the same quarter in the prior year, the company posted $1.23 EPS. The firm's revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. WSFS Financial's payout ratio is 13.70%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WSFS shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $54.00 price target (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott restated a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $59.75.

WSFS Financial Company Profile

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.