WSFS Financial (WSFS) to Release Earnings on Wednesday

WSFS Financial (NASDAQ:WSFS) is scheduled to be releasing its earnings data after the market closes on Wednesday, January 24th. Analysts expect WSFS Financial to post earnings of $0.67 per share for the quarter.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $87.80 million for the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. WSFS Financial’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. On average, analysts expect WSFS Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WSFS Financial (WSFS) opened at $49.90 on Wednesday. The firm has a market capitalization of $1,585.19, a P/E ratio of 20.54, a PEG ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. WSFS Financial has a 52 week low of $42.45 and a 52 week high of $52.50.

In other WSFS Financial news, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.52, for a total transaction of $100,436.40. Following the transaction, the executive vice president now owns 90,589 shares in the company, valued at approximately $4,395,378.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total value of $96,183.32. Following the transaction, the executive vice president now owns 42,995 shares in the company, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. 4.89% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on WSFS. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 target price on shares of WSFS Financial in a research note on Tuesday, October 24th. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. BidaskClub lowered WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. ValuEngine lowered WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, Zacks Investment Research upgraded WSFS Financial from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $52.50.

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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.

Earnings History for WSFS Financial (NASDAQ:WSFS)

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