Swiss National Bank Has $5.92 Million Stake in WSFS Financial Corporation $WSFS

Swiss National Bank lowered its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,140 shares of the bank’s stock after selling 2,400 shares during the period. Swiss National Bank owned 0.20% of WSFS Financial worth $5,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of WSFS Financial by 6.8% in the 1st quarter. KBC Group NV now owns 3,081 shares of the bank’s stock valued at $160,000 after purchasing an additional 196 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of WSFS Financial by 1.5% in the 1st quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock valued at $731,000 after purchasing an additional 204 shares during the last quarter. Xponance Inc. increased its stake in shares of WSFS Financial by 4.9% in the 1st quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock valued at $230,000 after purchasing an additional 209 shares during the last quarter. Mariner LLC increased its stake in shares of WSFS Financial by 5.1% in the 4th quarter. Mariner LLC now owns 4,457 shares of the bank’s stock valued at $237,000 after purchasing an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of WSFS Financial by 90.0% in the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank’s stock valued at $28,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

WSFS stock opened at $55.29 on Tuesday. The stock has a 50-day moving average price of $55.56 and a 200-day moving average price of $53.58. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.09 billion, a PE ratio of 12.13 and a beta of 0.89.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.14. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%. The firm had revenue of $267.50 million during the quarter, compared to analyst estimates of $221.93 million. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 8th. WSFS Financial’s payout ratio is presently 14.91%.

Wall Street Analyst Weigh In

WSFS has been the topic of several recent research reports. DA Davidson raised their price objective on WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods cut their price objective on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Stephens reissued an “overweight” rating and set a $64.00 price objective on shares of WSFS Financial in a report on Monday, April 28th. Finally, Wall Street Zen downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.00.

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.