WSFS Financial (NASDAQ:WSFS) announced its quarterly earnings data on Tuesday. The bank reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05, Fidelity Earnings reports. WSFS Financial had a net margin of 20.56% and a return on equity of 10.47%. The company had revenue of $159.34 million during the quarter, compared to analysts’ expectations of $157.10 million.
Shares of WSFS Financial stock opened at $40.51 on Wednesday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 13.69 and a beta of 1.11. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $43.50 and a 200 day simple moving average of $42.94. WSFS Financial has a 12-month low of $37.19 and a 12-month high of $46.05.
WSFS has been the subject of a number of recent research reports. Zacks Investment Research restated a “hold” rating on shares of WSFS Financial in a research note on Saturday, October 26th. Keefe, Bruyette & Woods cut shares of WSFS Financial from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research report on Wednesday, October 23rd. BidaskClub cut shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, January 10th. Stephens initiated coverage on shares of WSFS Financial in a research report on Monday, January 6th. They set an “equal weight” rating and a $45.00 target price for the company. Finally, ValuEngine upgraded shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. WSFS Financial currently has an average rating of “Hold” and an average price target of $46.25.
In related news, EVP Paul S. Greenplate sold 6,072 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $43.54, for a total transaction of $264,374.88. Company insiders own 2.42% of the company’s stock.
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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