WSFS Financial (NASDAQ:WSFS) Shares Gap Down - Time to Sell?

WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $54.79, but opened at $53.69. WSFS Financial shares last traded at $55.29, with a volume of 19,437 shares trading hands.

Wall Street Analyst Weigh In

WSFS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $54.00 target price (down from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott restated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Finally, Stephens reissued an "overweight" rating and set a $68.00 target price on shares of WSFS Financial in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.25.

WSFS Financial Stock Performance

The stock's fifty day simple moving average is $55.60 and its 200 day simple moving average is $53.63. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 12.67 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. As a group, analysts anticipate that WSFS Financial Co. will post 4.23 earnings per share for the current year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.07%. WSFS Financial's dividend payout ratio is presently 13.57%.

Institutional Trading of WSFS Financial

Several institutional investors and hedge funds have recently made changes to their positions in WSFS. Mill Creek Capital Advisors LLC purchased a new stake in WSFS Financial in the third quarter valued at approximately $718,000. Jane Street Group LLC increased its holdings in shares of WSFS Financial by 47.9% in the 3rd quarter. Jane Street Group LLC now owns 114,154 shares of the bank's stock valued at $5,821,000 after acquiring an additional 36,990 shares during the period. Victory Capital Management Inc. raised its position in WSFS Financial by 30.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank's stock valued at $1,875,000 after purchasing an additional 8,617 shares during the last quarter. Barclays PLC boosted its stake in WSFS Financial by 110.8% during the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank's stock worth $6,139,000 after purchasing an additional 63,284 shares during the period. Finally, Squarepoint Ops LLC grew its position in WSFS Financial by 265.1% during the 2nd quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank's stock worth $1,117,000 after purchasing an additional 17,254 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

About WSFS Financial

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.