WSFS Financial (NASDAQ:WSFS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of WSFS Financial Corporation (NASDAQ:WSFS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $67.39 and traded as high as $78.01. WSFS Financial shares last traded at $77.79, with a volume of 471,195 shares trading hands.

Wall Street Analysts Forecast Growth

WSFS has been the subject of several recent analyst reports. UBS Group set a $76.00 target price on shares of WSFS Financial in a research note on Monday, April 27th. Stephens reaffirmed an “overweight” rating and issued a $81.00 price target (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. Zacks Research downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. TD Cowen reissued a “buy” rating and set a $82.00 price objective (up from $77.00) on shares of WSFS Financial in a report on Wednesday, April 29th. Finally, DA Davidson upped their target price on WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Four investment 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.07.

WSFS Financial Price Performance

The firm has a market capitalization of $4.05 billion, a PE ratio of 13.84 and a beta of 0.76. The firm’s fifty day moving average price is $73.61 and its 200 day moving average price is $67.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.11.

WSFS Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 1.0%. WSFS Financial’s dividend payout ratio is currently 14.23%.

Insider Buying and Selling

In other WSFS Financial news, CEO Rodger Levenson sold 65,446 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the sale, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at approximately $13,790,981.68. This trade represents a 26.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On WSFS Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC boosted its stake in shares of WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after buying an additional 207 shares during the last quarter. NewEdge Advisors LLC purchased a new position in WSFS Financial during the fourth quarter valued at approximately $33,000. Torren Management LLC acquired a new position in WSFS Financial in the fourth quarter valued at approximately $35,000. Clearstead Advisors LLC lifted its holdings in WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after acquiring an additional 489 shares during the period. Finally, Quarry LP boosted its position in WSFS Financial by 159.7% in the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after purchasing an additional 500 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 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.