WSFS Financial (NASDAQ:WSFS) Share Price Passes Above 200 Day Moving Average of $44.52

WSFS Financial Co. (NASDAQ:WSFSGet Rating) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $44.52 and traded as high as $50.99. WSFS Financial shares last traded at $50.82, with a volume of 264,800 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WSFS. StockNews.com raised WSFS Financial from a “sell” rating to a “hold” rating in a report on Wednesday. DA Davidson boosted their price objective on WSFS Financial to $52.00 in a research note on Tuesday, August 9th. Finally, Piper Sandler boosted their price objective on WSFS Financial to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.50.

WSFS Financial Stock Down 2.2 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $3.12 billion, a PE ratio of 14.82 and a beta of 1.10. The business has a fifty day moving average price of $47.90 and a two-hundred day moving average price of $44.56.

WSFS Financial (NASDAQ:WSFSGet Rating) last released its quarterly earnings data on Monday, July 25th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. WSFS Financial had a return on equity of 9.91% and a net margin of 23.44%. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, analysts anticipate that WSFS Financial Co. will post 4.33 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.13. WSFS Financial’s payout ratio is currently 18.07%.

Insiders Place Their Bets

In related news, Director Francis J. Leto sold 3,087 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $49.76, for a total transaction of $153,609.12. Following the completion of the transaction, the director now owns 36,241 shares of the company’s stock, valued at approximately $1,803,352.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Francis J. Leto sold 3,087 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $49.76, for a total transaction of $153,609.12. Following the completion of the transaction, the director now owns 36,241 shares of the company’s stock, valued at approximately $1,803,352.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Wright sold 3,740 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $49.66, for a total value of $185,728.40. Following the transaction, the executive vice president now directly owns 38,456 shares of the company’s stock, valued at approximately $1,909,724.96. The disclosure for this sale can be found here. Insiders own 1.98% of the company’s stock.

Hedge Funds Weigh In On WSFS Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in shares of WSFS Financial in the 4th quarter valued at approximately $32,000. Quadrant Capital Group LLC grew its stake in shares of WSFS Financial by 1,032.3% in the 1st quarter. Quadrant Capital Group LLC now owns 702 shares of the bank’s stock valued at $33,000 after purchasing an additional 640 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of WSFS Financial in the 1st quarter valued at approximately $40,000. SouthState Corp bought a new stake in shares of WSFS Financial in the 2nd quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of WSFS Financial by 253.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,366 shares of the bank’s stock valued at $55,000 after purchasing an additional 980 shares during the period. 88.34% of the stock is currently owned by institutional investors.

About WSFS Financial

(Get Rating)

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.

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