WSFS Financial (NASDAQ:WSFS) Shares Cross Above 200-Day Moving Average – Time to Sell?

WSFS Financial Corporation (NASDAQ:WSFS) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $74.40 and traded as high as $76.49. WSFS Financial shares last traded at $75.57, with a volume of 308,960 shares changing hands.

Wall Street Analyst Weigh In

WSFS has been the topic of a number of analyst reports. Stephens cut WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price objective on the stock. in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods raised their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price target (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. TD Cowen reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday, July 29th. Finally, DA Davidson set a $83.00 target price on shares of WSFS Financial and gave the company a “neutral” rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, WSFS Financial presently has an average rating of “Hold” and an average price target of $83.07.

WSFS Financial Trading Up 1.6%

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50-day moving average is $79.45 and its two-hundred day moving average is $74.50. The stock has a market cap of $3.98 billion, a P/E ratio of 13.01 and a beta of 0.84.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping the consensus estimate of $1.50 by $0.16. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The business had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. During the same quarter in the previous year, the company earned $1.27 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that WSFS Financial Corporation will post 6.57 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 7th. WSFS Financial’s payout ratio is currently 13.38%.

Insider Transactions at WSFS Financial

In other news, Director Michael Donahue sold 3,247 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $79.46, for a total transaction of $258,006.62. Following the sale, the director directly owned 11,495 shares in the company, valued at approximately $913,392.70. This represents a 22.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the completion of the transaction, the executive vice president owned 15,207 shares of the company’s stock, valued at approximately $1,243,020.18. This represents a 18.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On WSFS Financial

Institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC grew its stake in shares of WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after buying an additional 207 shares during the last quarter. Clearstead Advisors LLC increased its stake in WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after purchasing an additional 489 shares during the period. Allworth Financial LP bought a new stake in shares of WSFS Financial during the second quarter worth $47,000. EverSource Wealth Advisors LLC lifted its position in shares of WSFS Financial by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the bank’s stock worth $63,000 after purchasing an additional 221 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of WSFS Financial during the second quarter valued at $64,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

WSFS Financial Corporation is the parent company of WSFS Bank, a community-focused financial institution headquartered in Wilmington, Delaware. Founded in 1832 as the Wilmington Savings Fund Society, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS provides a range of banking services for consumers, businesses, and institutions, including checking and savings accounts, residential and commercial lending, mortgages, credit cards, treasury management, and digital banking.