Bank of New York Mellon Corp Has $23.41 Million Stock Position in WSFS Financial Corporation (NASDAQ:WSFS)

Bank of New York Mellon Corp trimmed its position in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 3.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,218 shares of the bank's stock after selling 18,231 shares during the quarter. Bank of New York Mellon Corp owned 0.78% of WSFS Financial worth $23,405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WSFS. Versant Capital Management Inc increased its stake in WSFS Financial by 90.0% in the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock worth $28,000 after purchasing an additional 252 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of WSFS Financial by 2,500.0% during the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after purchasing an additional 550 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in WSFS Financial during the fourth quarter valued at $32,000. VSM Wealth Advisory LLC bought a new position in shares of WSFS Financial in the fourth quarter worth about $40,000. Finally, AlphaQuest LLC purchased a new stake in shares of WSFS Financial during the fourth quarter worth about $84,000. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Trading Down 0.5%

WSFS Financial stock traded down $0.28 during mid-day trading on Monday, hitting $57.89. 237,995 shares of the stock were exchanged, compared to its average volume of 309,448. The firm's fifty day simple moving average is $54.76 and its two-hundred day simple moving average is $53.32. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.01 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The business had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. Analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio is 15.28%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Keefe, Bruyette & Woods lowered their price target on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Wall Street Zen cut WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, Stephens reaffirmed an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued 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 an average rating of "Hold" and an average target price of $62.75.

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.