WSFS Financial Co. (NASDAQ:WSFS) Stake Cut by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 64.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,009 shares of the bank's stock after selling 40,241 shares during the quarter. Millennium Management LLC's holdings in WSFS Financial were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after purchasing an additional 550 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of WSFS Financial during the 4th quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new stake in shares of WSFS Financial in the 4th quarter worth approximately $40,000. AlphaQuest LLC acquired a new stake in shares of WSFS Financial in the 4th quarter worth approximately $84,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of WSFS Financial by 804.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock valued at $99,000 after acquiring an additional 1,657 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WSFS shares. Wall Street Zen cut WSFS Financial from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Keefe, Bruyette & Woods lowered their price target on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Finally, Stephens reissued an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a research note 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. According to MarketBeat.com, WSFS Financial presently has a consensus rating of "Hold" and a consensus price target of $62.75.

WSFS Financial Price Performance

Shares of WSFS traded up $1.21 during mid-day trading on Friday, hitting $53.08. The company's stock had a trading volume of 350,884 shares, compared to its average volume of 304,113. WSFS Financial Co. has a fifty-two week low of $42.21 and a fifty-two week high of $62.75. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 12.01 and a beta of 0.87. The firm has a 50-day moving average price of $51.29 and a 200 day moving average price of $53.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The company had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. On average, research analysts predict that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.17 dividend. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. WSFS Financial's dividend payout ratio (DPR) is currently 15.28%.

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.