Wall Street brokerages expect WSFS Financial Co. (NASDAQ:WSFS) to report $0.88 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for WSFS Financial’s earnings. WSFS Financial reported earnings per share of $0.90 during the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings report on Monday, July 22nd.
According to Zacks, analysts expect that WSFS Financial will report full year earnings of $3.65 per share for the current financial year, with EPS estimates ranging from $3.54 to $3.72. For the next year, analysts anticipate that the business will report earnings of $4.07 per share, with EPS estimates ranging from $4.00 to $4.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, April 25th. The bank reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. WSFS Financial had a return on equity of 12.03% and a net margin of 22.95%. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $125.86 million.
Several equities research analysts have recently weighed in on WSFS shares. Boenning Scattergood reissued a “buy” rating and issued a $47.75 price objective on shares of WSFS Financial in a research report on Friday, April 26th. Stephens set a $51.00 price objective on WSFS Financial and gave the company a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research raised WSFS Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, BidaskClub raised WSFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $55.94.
WSFS opened at $40.05 on Friday. WSFS Financial has a 1-year low of $33.75 and a 1-year high of $57.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market capitalization of $2.12 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.20%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, May 8th. WSFS Financial’s dividend payout ratio is currently 13.52%.
In related news, CEO Rodger Levenson sold 13,981 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $42.95, for a total value of $600,483.95. Following the completion of the transaction, the chief executive officer now directly owns 70,152 shares of the company’s stock, valued at $3,013,028.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Turner sold 96,154 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $42.79, for a total value of $4,114,429.66. Following the completion of the transaction, the director now directly owns 167,368 shares of the company’s stock, valued at $7,161,676.72. The disclosure for this sale can be found here. Insiders sold 251,646 shares of company stock valued at $10,792,140 over the last three months. 2.42% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of WSFS. Bank of New York Mellon Corp lifted its position in WSFS Financial by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 176,378 shares of the bank’s stock worth $8,316,000 after purchasing an additional 1,339 shares during the period. JPMorgan Chase & Co. lifted its position in WSFS Financial by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 54,591 shares of the bank’s stock worth $2,574,000 after purchasing an additional 1,377 shares during the period. Vanguard Group Inc. lifted its position in WSFS Financial by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after purchasing an additional 14,763 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in WSFS Financial by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after purchasing an additional 697 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in WSFS Financial in the fourth quarter worth $81,000. 78.33% of the stock is owned by hedge funds and other institutional investors.
WSFS Financial Company Profile
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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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