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

Key Points

• WSFS Financial's stock price has risen above its 200-day moving average of $53.80, reaching a high of $55.99 during trading.
• Following its latest quarterly earnings report, WSFS Financial reported an EPS of $1.27, exceeding analysts' estimates of $1.13, with revenue of $267.50 million.
• The company announced a dividend of $0.17 per share, resulting in an annualized dividend of $0.68 and a dividend yield of 1.2%.

WSFS Financial Corporation (NASDAQ:WSFS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $53.80 and traded as high as $55.99. WSFS Financial shares last traded at $55.43, with a volume of 1,207,497 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WSFS shares. DA Davidson raised their target price on WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of WSFS Financial from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.00.

WSFS Financial Stock Up 0.9%

The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $56.37 and a two-hundred day moving average price of $53.85. The firm has a market cap of $3.13 billion, a PE ratio of 12.27 and a beta of 0.91.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The business had revenue of $267.50 million for the quarter, compared to analysts' expectations of $221.93 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business's revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. WSFS Financial's dividend payout ratio (DPR) is 14.91%.

Hedge Funds Weigh In On WSFS Financial

A number of hedge funds have recently made changes to their positions in WSFS. Osaic Holdings Inc. raised its position in WSFS Financial by 24.7% in the second quarter. Osaic Holdings Inc. now owns 3,889 shares of the bank's stock valued at $214,000 after purchasing an additional 770 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of WSFS Financial during the second quarter valued at about $1,028,000. Public Sector Pension Investment Board grew its stake in WSFS Financial by 4.0% in the second quarter. Public Sector Pension Investment Board now owns 193,591 shares of the bank's stock worth $10,648,000 after purchasing an additional 7,530 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in WSFS Financial by 313.8% in the second quarter. Tower Research Capital LLC TRC now owns 8,467 shares of the bank's stock worth $466,000 after purchasing an additional 6,421 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in WSFS Financial by 18.6% in the second quarter. State of Tennessee Department of Treasury now owns 33,230 shares of the bank's stock worth $1,828,000 after purchasing an additional 5,219 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Company Profile

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.