WSFS Financial (WSFS) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

WSFS Financial (NASDAQ:WSFS) released its quarterly earnings data on Monday. The bank reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04, Bloomberg Earnings reports. WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. The company had revenue of $89.90 million for the quarter, compared to the consensus estimate of $57.89 million. During the same quarter last year, the business posted $0.56 EPS. WSFS Financial’s revenue for the quarter was up 11.4% on a year-over-year basis.

Shares of WSFS Financial (NASDAQ WSFS) traded down $0.40 on Monday, reaching $50.45. The company’s stock had a trading volume of 126,393 shares, compared to its average volume of 97,954. The firm has a market cap of $1,596.18, a P/E ratio of 20.76, a PEG ratio of 1.62 and a beta of 1.23. WSFS Financial has a 52-week low of $42.45 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06.

Several equities research analysts recently weighed in on WSFS shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price objective on shares of WSFS Financial in a report on Tuesday, October 24th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, October 25th. ValuEngine downgraded WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub downgraded WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Zacks Investment Research raised WSFS Financial from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $52.50.

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

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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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