Analysts expect that WSFS Financial Corporation (NASDAQ:WSFS) will report sales of $88.69 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for WSFS Financial Corporation’s earnings. The lowest sales estimate is $86.90 million and the highest is $90.48 million. WSFS Financial Corporation posted sales of $80.54 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The company is scheduled to report its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that WSFS Financial Corporation will report full year sales of $88.69 million for the current financial year, with estimates ranging from $342.60 million to $346.24 million. For the next year, analysts forecast that the company will post sales of $373.87 million per share, with estimates ranging from $369.80 million to $377.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover WSFS Financial Corporation.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). WSFS Financial Corporation had a net margin of 21.27% and a return on equity of 10.93%. The company had revenue of $87.80 million for the quarter, compared to the consensus estimate of $56.86 million. During the same period in the previous year, the business earned $0.41 EPS. WSFS Financial Corporation’s revenue for the quarter was up 16.2% compared to the same quarter last year.
A number of equities research analysts recently weighed in on WSFS shares. BidaskClub downgraded WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Boenning Scattergood reaffirmed a “buy” rating and set a $49.00 price objective on shares of WSFS Financial Corporation in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of WSFS Financial Corporation in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.33.
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Shares of WSFS Financial Corporation (NASDAQ WSFS) opened at $49.25 on Wednesday. WSFS Financial Corporation has a 12-month low of $41.05 and a 12-month high of $52.15. The firm has a market capitalization of $1,540.00, a PE ratio of 20.02, a P/E/G ratio of 1.93 and a beta of 1.25. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. This is a boost from WSFS Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, November 6th. WSFS Financial Corporation’s dividend payout ratio (DPR) is presently 14.88%.
In other news, EVP S James Mazarakis sold 7,161 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the transaction, the executive vice president now directly owns 48,288 shares in the company, valued at $2,166,199.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.89% of the company’s stock.
Several large investors have recently made changes to their positions in WSFS. Ameriprise Financial Inc. grew its holdings in WSFS Financial Corporation by 28.8% during the second quarter. Ameriprise Financial Inc. now owns 784,697 shares of the bank’s stock worth $35,582,000 after acquiring an additional 175,695 shares during the period. Macquarie Group Ltd. grew its holdings in WSFS Financial Corporation by 25.1% during the second quarter. Macquarie Group Ltd. now owns 781,288 shares of the bank’s stock worth $35,431,000 after acquiring an additional 156,617 shares during the period. Thrivent Financial For Lutherans grew its holdings in WSFS Financial Corporation by 208.0% during the second quarter. Thrivent Financial For Lutherans now owns 183,504 shares of the bank’s stock worth $8,322,000 after acquiring an additional 123,926 shares during the period. Vanguard Group Inc. grew its holdings in WSFS Financial Corporation by 8.1% during the first quarter. Vanguard Group Inc. now owns 1,247,277 shares of the bank’s stock worth $57,312,000 after acquiring an additional 93,705 shares during the period. Finally, Northern Trust Corp grew its holdings in WSFS Financial Corporation by 7.5% during the second quarter. Northern Trust Corp now owns 1,074,688 shares of the bank’s stock worth $48,738,000 after acquiring an additional 75,082 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.
WSFS Financial Corporation Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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