Wall Street analysts expect WSFS Financial Co. (NASDAQ:WSFS) to announce $93.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for WSFS Financial’s earnings. The lowest sales estimate is $93.22 million and the highest is $94.04 million. WSFS Financial reported sales of $85.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The business is scheduled to issue its next earnings results on Thursday, July 26th.
According to Zacks, analysts expect that WSFS Financial will report full year sales of $392.84 million for the current financial year, with estimates ranging from $390.80 million to $394.87 million. For the next year, analysts expect that the company will post sales of $407.56 million per share, with estimates ranging from $401.66 million to $413.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow WSFS Financial.
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WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, April 23rd. The bank reported $0.76 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $105.18 million during the quarter, compared to analyst estimates of $88.90 million. WSFS Financial had a net margin of 19.23% and a return on equity of 12.03%.
A number of research firms recently weighed in on WSFS. BidaskClub raised shares of WSFS Financial from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of WSFS Financial from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, May 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 price target on shares of WSFS Financial in a report on Tuesday, February 27th. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $56.67.
In other WSFS Financial news, CEO Mark A. Turner sold 12,026 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $51.07, for a total transaction of $614,167.82. Following the completion of the transaction, the chief executive officer now directly owns 143,662 shares of the company’s stock, valued at approximately $7,336,818.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark A. Turner sold 40,520 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $51.61, for a total transaction of $2,091,237.20. Following the completion of the transaction, the chief executive officer now owns 143,662 shares in the company, valued at $7,414,395.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,444 shares of company stock valued at $7,658,729. 4.89% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of WSFS Financial in the 4th quarter worth about $265,000. A.R.T. Advisors LLC bought a new position in shares of WSFS Financial in the 1st quarter worth about $301,000. Cigna Investments Inc. New bought a new position in shares of WSFS Financial in the 1st quarter worth about $355,000. Barclays PLC lifted its position in shares of WSFS Financial by 68.6% in the 1st quarter. Barclays PLC now owns 8,626 shares of the bank’s stock worth $413,000 after buying an additional 3,509 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of WSFS Financial by 13.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 9,296 shares of the bank’s stock worth $445,000 after buying an additional 1,135 shares during the last quarter. Institutional investors own 79.93% of the company’s stock.
WSFS remained flat at $$56.10 during trading hours on Friday. 210,483 shares of the company were exchanged, compared to its average volume of 101,867. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. WSFS Financial has a 1-year low of $42.45 and a 1-year high of $56.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.04 and a current ratio of 1.04.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were issued a dividend of $0.11 per share. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, May 10th. WSFS Financial’s dividend payout ratio (DPR) is currently 17.19%.
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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