Swiss National Bank Has $5.98 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Swiss National Bank reduced its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 117,340 shares of the bank’s stock after selling 1,200 shares during the period. Swiss National Bank’s holdings in WSFS Financial were worth $5,983,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in WSFS Financial by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock valued at $331,246,000 after purchasing an additional 372,402 shares in the last quarter. American Century Companies Inc. boosted its stake in WSFS Financial by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank’s stock valued at $41,241,000 after buying an additional 191,566 shares in the last quarter. Dimensional Fund Advisors LP grew its position in WSFS Financial by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank’s stock valued at $183,450,000 after acquiring an additional 110,279 shares during the period. Denali Advisors LLC acquired a new position in WSFS Financial during the second quarter worth $3,436,000. Finally, Hantz Financial Services Inc. bought a new position in shares of WSFS Financial during the second quarter valued at $2,664,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 1.6 %

Shares of NASDAQ WSFS opened at $60.14 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 13.73 and a beta of 1.02. WSFS Financial Co. has a 12-month low of $37.09 and a 12-month high of $62.75. The firm’s 50-day simple moving average is $52.60 and its 200 day simple moving average is $50.28.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 EPS 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 for the quarter, compared to analysts’ expectations of $260.35 million. During the same period in the prior year, the firm earned $1.23 earnings per share. WSFS Financial’s revenue was up .6% compared to the same quarter last year. On average, research analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WSFS. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, Piper Sandler boosted their target price on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, WSFS Financial presently has a consensus rating of “Hold” and an average target price of $59.75.

WSFS Financial 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.