Wall Street brokerages forecast that WSFS Financial Co. (NASDAQ:WSFS) will post $88.69 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for WSFS Financial’s earnings, with estimates ranging from $86.90 million to $90.48 million. WSFS Financial posted sales of $80.54 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The company is scheduled to report its next earnings results on Thursday, January 25th.
According to Zacks, analysts expect that WSFS Financial 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 year, analysts expect that the firm will report sales of $373.87 million per share, with estimates ranging from $369.80 million to $377.94 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $87.80 million during the quarter, compared to analyst estimates of $56.86 million. WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS.
Shares of WSFS Financial (WSFS) opened at $49.10 on Friday. The firm has a market cap of $1,558.51, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial has a 52-week low of $42.45 and a 52-week high of $52.50.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a dividend of $0.09 per share. This is an increase from WSFS Financial’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. WSFS Financial’s dividend payout ratio (DPR) is 14.81%.
In other news, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.52, for a total transaction of $100,436.40. Following the completion of the sale, the executive vice president now owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total transaction of $96,183.32. Following the sale, the executive vice president now directly owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. Company insiders own 4.89% of the company’s stock.
Several hedge funds have recently made changes to their positions in WSFS. Ameritas Investment Partners Inc. grew its position in shares of WSFS Financial by 10.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock worth $120,000 after buying an additional 256 shares during the period. Victory Capital Management Inc. grew its position in shares of WSFS Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after buying an additional 596 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of WSFS Financial by 601.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after buying an additional 3,434 shares during the period. Brown Advisory Securities LLC acquired a new stake in shares of WSFS Financial during the 3rd quarter worth approximately $234,000. Finally, Laurion Capital Management LP acquired a new stake in shares of WSFS Financial during the 2nd quarter worth approximately $274,000. 85.04% of the stock is owned by institutional investors.
WSFS Financial Company Profile
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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