State Street Corp Has $154.52 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

State Street Corp grew its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 3.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,030,372 shares of the bank's stock after buying an additional 87,781 shares during the period. State Street Corp owned approximately 5.14% of WSFS Financial worth $154,519,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in shares of WSFS Financial in the third quarter valued at $213,000. Centiva Capital LP acquired a new position in shares of WSFS Financial in the 3rd quarter valued at $441,000. Paloma Partners Management Co acquired a new position in shares of WSFS Financial in the 3rd quarter valued at $366,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of WSFS Financial during the 3rd quarter worth about $278,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of WSFS Financial during the 3rd quarter valued at about $2,290,000. Institutional investors own 88.49% of the company's stock.

WSFS Financial Price Performance

Shares of WSFS Financial stock traded down $0.07 during mid-day trading on Friday, reaching $58.13. 211,014 shares of the stock were exchanged, compared to its average volume of 270,277. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 13.27 and a beta of 1.06. WSFS Financial Co. has a fifty-two week low of $40.19 and a fifty-two week high of $62.75. The firm has a 50-day simple moving average of $55.05 and a 200 day simple moving average of $51.57.

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

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial's payout ratio is presently 13.70%.

Analysts Set New Price Targets

Several research firms recently issued reports on WSFS. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Janney Montgomery Scott reissued a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, WSFS Financial currently 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.