WSFS Financial (NASDAQ:WSFS) Stock Passes Above 200 Day Moving Average - What's Next?

WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $53.10 and traded as high as $54.01. WSFS Financial shares last traded at $53.44, with a volume of 290,489 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WSFS. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott reiterated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.75.

WSFS Financial Stock Performance

The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 12.36 and a beta of 1.08. The stock's fifty day moving average is $56.20 and its two-hundred day moving average is $53.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. The company had revenue of $267.61 million for the quarter, compared to analyst estimates of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. WSFS Financial's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. On average, analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in shares of WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock valued at $47,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC increased its stake in WSFS Financial by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock valued at $74,000 after buying an additional 428 shares during the period. SG Americas Securities LLC bought a new stake in shares of WSFS Financial during the 3rd quarter worth about $127,000. Crossmark Global Holdings Inc. acquired a new stake in shares of WSFS Financial in the 4th quarter worth approximately $207,000. Finally, CIBC Asset Management Inc bought a new position in shares of WSFS Financial in the third quarter valued at approximately $202,000. Institutional investors own 88.49% of the company's stock.

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.