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

Key Points

• WSFS shares passed above its 200‑day moving average of $60.78, trading as high as $72.37 and last at $71.21, indicating a bullish technical breakout.
• Analyst sentiment is mixed but the consensus is a Moderate Buy with a $75.93 average target (four Buy and four Hold ratings), and several firms recently raised price targets.
• WSFS raised its quarterly dividend to $0.20 (annualized $0.80, yield ~1.1%, ex‑dividend May 8) while insiders sold about 3,455 shares recently and institutional ownership remains high at ~88.5%.

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $60.78 and traded as high as $72.37. WSFS Financial shares last traded at $71.21, with a volume of 301,407 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WSFS. Stephens restated an "overweight" rating and issued a $81.00 target price (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. Weiss Ratings restated a "buy (b-)" rating on shares of WSFS Financial in a research note on Wednesday, January 21st. Zacks Research lowered WSFS Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Piper Sandler boosted their target price on WSFS Financial from $67.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. Finally, Brean Capital began coverage on WSFS Financial in a research note on Tuesday, March 10th. They issued a "buy" rating and a $74.50 target price on the stock. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, WSFS Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.93.

WSFS Financial Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $3.72 billion, a P/E ratio of 12.67 and a beta of 0.77. The business has a 50 day moving average of $66.49 and a 200-day moving average of $60.78.

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is 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 12.10%.

Insider Activity at WSFS Financial

In related news, EVP Shari Kruzinski sold 1,000 shares of the business's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total transaction of $70,100.00. Following the sale, the executive vice president directly owned 14,740 shares in the company, valued at approximately $1,033,274. The trade was a 6.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur J. Bacci sold 2,005 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president owned 26,366 shares in the company, valued at approximately $1,859,066.66. The trade was a 7.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,455 shares of company stock worth $242,923. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On WSFS Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in WSFS Financial by 64.0% during the first quarter. Principal Financial Group Inc. now owns 427,481 shares of the bank's stock worth $27,983,000 after buying an additional 166,837 shares in the last quarter. Fifth Third Bancorp grew its position in WSFS Financial by 11,821.6% during the first quarter. Fifth Third Bancorp now owns 28,731 shares of the bank's stock worth $1,881,000 after buying an additional 28,490 shares in the last quarter. Hsbc Holdings PLC grew its position in WSFS Financial by 21.8% during the first quarter. Hsbc Holdings PLC now owns 23,138 shares of the bank's stock worth $1,511,000 after buying an additional 4,145 shares in the last quarter. DGS Capital Management LLC grew its position in WSFS Financial by 19.6% during the first quarter. DGS Capital Management LLC now owns 7,156 shares of the bank's stock worth $468,000 after buying an additional 1,175 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in WSFS Financial by 12.5% during the first quarter. New York State Teachers Retirement System now owns 33,587 shares of the bank's stock worth $2,199,000 after buying an additional 3,726 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

About WSFS Financial

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.

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