Brokerages Expect WSFS Financial Co. (NASDAQ:WSFS) to Announce $0.92 EPS

Analysts predict that WSFS Financial Co. (NASDAQ:WSFSGet Rating) will announce earnings per share (EPS) of $0.92 for the current quarter, according to Zacks. Two analysts have made estimates for WSFS Financial’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.97. WSFS Financial posted earnings per share of $2.00 during the same quarter last year, which indicates a negative year-over-year growth rate of 54%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that WSFS Financial will report full-year earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $3.88 to $4.27. For the next fiscal year, analysts expect that the company will report earnings of $4.64 per share, with EPS estimates ranging from $4.56 to $4.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover WSFS Financial.

WSFS Financial (NASDAQ:WSFSGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). WSFS Financial had a return on equity of 11.89% and a net margin of 31.02%. The business had revenue of $199.13 million for the quarter, compared to analyst estimates of $134.16 million. During the same quarter in the prior year, the firm earned $1.39 EPS.

Several analysts have weighed in on the company. Piper Sandler raised WSFS Financial from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $56.00 to $51.00 in a report on Monday, April 25th. StockNews.com raised WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Stephens decreased their price objective on WSFS Financial from $53.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.80.

In other WSFS Financial news, Director Nancy J. Foster acquired 1,000 shares of WSFS Financial stock in a transaction on Tuesday, April 26th. The stock was purchased at an average price of $41.69 per share, for a total transaction of $41,690.00. Following the purchase, the director now directly owns 4,213 shares of the company’s stock, valued at $175,639.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard Wright sold 1,973 shares of the stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $42.03, for a total value of $82,925.19. Following the transaction, the executive vice president now owns 42,196 shares of the company’s stock, valued at approximately $1,773,497.88. The disclosure for this sale can be found here. 1.98% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in WSFS Financial during the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC raised its stake in WSFS Financial by 1,032.3% during the first quarter. Quadrant Capital Group LLC now owns 702 shares of the bank’s stock valued at $33,000 after buying an additional 640 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in WSFS Financial during the first quarter valued at $40,000. FourThought Financial LLC purchased a new position in shares of WSFS Financial in the first quarter worth $74,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of WSFS Financial by 43.5% in the first quarter. Harbor Investment Advisory LLC now owns 2,050 shares of the bank’s stock worth $96,000 after purchasing an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

WSFS Financial stock opened at $39.65 on Thursday. The stock has a 50-day simple moving average of $43.43 and a 200 day simple moving average of $49.07. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.15. WSFS Financial has a 12-month low of $37.03 and a 12-month high of $56.30. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 9.03 and a beta of 1.09.

The company also recently announced a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, May 6th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, May 5th. WSFS Financial’s payout ratio is 11.85%.

WSFS Financial Company Profile (Get Rating)

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.

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Earnings History and Estimates for WSFS Financial (NASDAQ:WSFS)

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