Brokerages Expect WSFS Financial Corporation (WSFS) Will Post Quarterly Sales of $88.69 Million
Equities research analysts expect WSFS Financial Corporation (NASDAQ:WSFS) to report $88.69 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for WSFS Financial Corporation’s earnings. The lowest sales estimate is $86.90 million and the highest is $90.48 million. WSFS Financial Corporation posted sales of $80.54 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The business is expected to announce its next earnings results on Thursday, January 25th.
According to Zacks, analysts expect that WSFS Financial Corporation will report full year sales of $88.69 million for the current year, with estimates ranging from $342.60 million to $346.24 million. For the next fiscal year, analysts expect that the firm will post sales of $373.87 million per share, with estimates ranging from $369.80 million to $377.94 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for WSFS Financial Corporation.
WSFS Financial Corporation (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The business had revenue of $87.80 million during the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial Corporation had a return on equity of 11.07% and a net margin of 21.27%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS.
Several analysts recently issued reports on the stock. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial Corporation in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of WSFS Financial Corporation in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.33.
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Shares of WSFS Financial Corporation (NASDAQ WSFS) opened at 51.30 on Monday. The stock has a 50 day moving average of $48.12 and a 200-day moving average of $46.05. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.48 and a beta of 1.22. WSFS Financial Corporation has a 12 month low of $31.90 and a 12 month high of $52.15.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, November 6th. This is a boost from WSFS Financial Corporation’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.70%. WSFS Financial Corporation’s dividend payout ratio (DPR) is 11.52%.
In other WSFS Financial Corporation news, EVP S James Mazarakis sold 7,161 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $44.86, for a total transaction of $321,242.46. Following the transaction, the executive vice president now directly owns 48,288 shares in the company, valued at approximately $2,166,199.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peggy H. Eddens sold 8,580 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total value of $380,008.20. Following the transaction, the executive vice president now owns 27,659 shares in the company, valued at $1,225,017.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,240 shares of company stock worth $723,172. Company insiders own 4.89% of the company’s stock.
Large investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. raised its stake in shares of WSFS Financial Corporation by 41.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 7,112 shares of the bank’s stock worth $327,000 after purchasing an additional 2,100 shares during the period. Karp Capital Management Corp bought a new stake in shares of WSFS Financial Corporation during the 1st quarter worth $272,000. Parametric Portfolio Associates LLC raised its stake in shares of WSFS Financial Corporation by 1.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 58,171 shares of the bank’s stock worth $2,673,000 after purchasing an additional 744 shares during the period. American International Group Inc. raised its stake in shares of WSFS Financial Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 17,641 shares of the bank’s stock worth $811,000 after purchasing an additional 1,171 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of WSFS Financial Corporation by 31.4% during the 1st quarter. Teachers Advisors LLC now owns 65,744 shares of the bank’s stock worth $3,021,000 after purchasing an additional 15,714 shares during the period. Institutional investors and hedge funds own 78.47% of the company’s stock.
About WSFS Financial Corporation
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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