Wall Street brokerages expect WSFS Financial Co. (NASDAQ:WSFS) to announce sales of $159.92 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $156.93 million and the highest estimate coming in at $162.90 million. WSFS Financial posted sales of $157.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The company is expected to issue its next quarterly earnings report on Monday, April 26th.
On average, analysts expect that WSFS Financial will report full-year sales of $624.12 million for the current financial year. For the next financial year, analysts forecast that the firm will post sales of $633.15 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Sunday, January 24th. The bank reported $1.16 EPS for the quarter, beating the consensus estimate of $0.91 by $0.25. The business had revenue of $169.63 million during the quarter, compared to analyst estimates of $159.72 million. WSFS Financial had a return on equity of 4.91% and a net margin of 13.83%.
Several equities analysts have commented on WSFS shares. DA Davidson reissued a “neutral” rating on shares of WSFS Financial in a research report on Wednesday, March 17th. Piper Sandler restated a “neutral” rating and set a $55.00 price target (up from $50.00) on shares of WSFS Financial in a report on Monday, March 8th. Zacks Investment Research downgraded WSFS Financial from a “buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods downgraded WSFS Financial from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a report on Thursday, February 25th. Finally, Boenning Scattergood restated a “neutral” rating on shares of WSFS Financial in a report on Wednesday, March 10th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $54.00.
In other WSFS Financial news, EVP Richard Wright sold 3,099 shares of the firm’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $52.00, for a total value of $161,148.00. Following the transaction, the executive vice president now directly owns 56,369 shares of the company’s stock, valued at $2,931,188. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Turner sold 40,415 shares of the firm’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $52.22, for a total value of $2,110,471.30. Following the completion of the transaction, the director now directly owns 103,654 shares in the company, valued at $5,412,811.88. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Toronto Dominion Bank purchased a new position in WSFS Financial in the fourth quarter worth about $49,000. Advisors Asset Management Inc. boosted its position in WSFS Financial by 161.3% in the third quarter. Advisors Asset Management Inc. now owns 5,808 shares of the bank’s stock worth $157,000 after purchasing an additional 3,585 shares during the last quarter. DF Dent & Co. Inc. purchased a new position in WSFS Financial in the fourth quarter worth about $201,000. Teacher Retirement System of Texas purchased a new position in WSFS Financial in the fourth quarter worth about $210,000. Finally, Cubist Systematic Strategies LLC purchased a new position in WSFS Financial in the third quarter worth about $222,000. 83.76% of the stock is currently owned by institutional investors and hedge funds.
WSFS Financial stock traded up $0.02 on Monday, hitting $50.02. 4,907 shares of the stock traded hands, compared to its average volume of 609,418. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.38 billion, a P/E ratio of 25.38 and a beta of 1.36. The business’s fifty day simple moving average is $50.56 and its 200 day simple moving average is $41.66. WSFS Financial has a 1 year low of $21.00 and a 1 year high of $55.18.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 25th. Investors of record on Thursday, February 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 10th. This represents a $0.48 annualized dividend and a yield of 0.96%. WSFS Financial’s payout ratio is 12.83%.
About WSFS Financial
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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