WSFS Financial (NASDAQ:WSFS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

WSFS Financial Corporation (NASDAQ:WSFS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.39 and traded as high as $78.01. WSFS Financial shares last traded at $77.79, with a volume of 471,195 shares changing hands.

Analysts Set New Price Targets

WSFS has been the subject of several research analyst reports. UBS Group set a $76.00 price objective on WSFS Financial in a research report on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. DA Davidson raised their target price on WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and set a $82.00 target price (up from $77.00) on shares of WSFS Financial in a research note on Wednesday, April 29th. Finally, Stephens reiterated an “overweight” rating and issued a $81.00 target price (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.07.

WSFS Financial Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 13.91 and a beta of 0.76. The business’s fifty day simple moving average is $73.73 and its 200 day simple moving average is $67.54.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s dividend payout ratio is presently 14.23%.

Insiders Place Their Bets

In other WSFS Financial news, CEO Rodger Levenson sold 65,446 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total value of $4,850,203.06. Following the transaction, the chief executive officer owned 186,088 shares in the company, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On WSFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of WSFS. Norges Bank acquired a new stake in shares of WSFS Financial in the 4th quarter worth about $39,193,000. Vaughan Nelson Investment Management L.P. acquired a new position in WSFS Financial during the 1st quarter valued at about $34,313,000. Goldman Sachs Group Inc. boosted its stake in WSFS Financial by 71.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 470,191 shares of the bank’s stock valued at $25,973,000 after purchasing an additional 195,979 shares during the last quarter. Principal Financial Group Inc. increased its holdings in WSFS Financial by 64.0% during the 1st quarter. Principal Financial Group Inc. now owns 427,481 shares of the bank’s stock worth $27,983,000 after purchasing an additional 166,837 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in WSFS Financial by 1,190.1% during the 3rd quarter. Citadel Advisors LLC now owns 153,234 shares of the bank’s stock worth $8,264,000 after purchasing an additional 141,356 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Company Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.