WSFS Financial (NASDAQ:WSFS) Share Price Passes Above 200 Day Moving Average - Time to Sell?

WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.82 and traded as high as $54.54. WSFS Financial shares last traded at $53.32, with a volume of 255,135 shares changing hands.

Analyst Upgrades and Downgrades

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

WSFS Financial Stock Performance

The company has a fifty day moving average price of $56.15 and a two-hundred day moving average price of $52.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $3.10 billion, a P/E ratio of 12.01 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $1.23 earnings per share. Equities analysts forecast that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 1.14%. WSFS Financial's dividend payout ratio is currently 13.70%.

Institutional Trading of WSFS Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in WSFS Financial by 3.9% during the 2nd quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank's stock valued at $1,323,000 after acquiring an additional 1,056 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in WSFS Financial by 7.0% during the second quarter. Great Lakes Advisors LLC now owns 60,595 shares of the bank's stock worth $2,848,000 after purchasing an additional 3,942 shares during the last quarter. American Century Companies Inc. grew its position in WSFS Financial by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank's stock worth $41,241,000 after purchasing an additional 191,566 shares in the last quarter. Dimensional Fund Advisors LP grew its position in WSFS Financial by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank's stock worth $183,450,000 after purchasing an additional 110,279 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of WSFS Financial during the 2nd quarter worth approximately $3,436,000. 88.49% of the stock is owned by 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.