WSFS Financial (WSFS) Set to Announce Quarterly Earnings on Thursday

WSFS Financial (NASDAQ:WSFSGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, April 21st. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

WSFS Financial (NASDAQ:WSFSGet Rating) last announced its quarterly earnings data on Monday, January 24th. The bank reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.29. WSFS Financial had a net margin of 42.29% and a return on equity of 14.33%. The business had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $130.20 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. On average, analysts expect WSFS Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

WSFS opened at $41.85 on Tuesday. The company has a market capitalization of $2.65 billion, a PE ratio of 7.36 and a beta of 1.07. WSFS Financial has a 1-year low of $40.70 and a 1-year high of $56.30. The firm’s 50 day simple moving average is $48.74 and its two-hundred day simple moving average is $51.32. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 0.12.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 18th. Shareholders of record on Friday, February 4th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.24%. WSFS Financial’s payout ratio is currently 9.14%.

In other WSFS Financial news, Director Francis J. Leto sold 18,980 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $51.49, for a total value of $977,280.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Francis J. Leto sold 6,323 shares of the stock in a transaction dated Thursday, January 27th. The stock was sold at an average price of $51.93, for a total transaction of $328,353.39. The disclosure for this sale can be found here. Insiders sold a total of 26,319 shares of company stock worth $1,358,781 over the last three months. 1.73% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WSFS. Citadel Advisors LLC lifted its holdings in WSFS Financial by 690.5% in the 4th quarter. Citadel Advisors LLC now owns 6,495 shares of the bank’s stock valued at $326,000 after acquiring an additional 7,595 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of WSFS Financial in the 4th quarter valued at approximately $344,000. Advisors Asset Management Inc. grew its stake in shares of WSFS Financial by 12.9% in the 4th quarter. Advisors Asset Management Inc. now owns 27,490 shares of the bank’s stock valued at $1,378,000 after buying an additional 3,151 shares in the last quarter. Amalgamated Bank boosted its position in WSFS Financial by 31.1% during the fourth quarter. Amalgamated Bank now owns 29,710 shares of the bank’s stock worth $1,489,000 after purchasing an additional 7,056 shares during the period. Finally, Wells Fargo & Company MN boosted its position in WSFS Financial by 11.2% during the second quarter. Wells Fargo & Company MN now owns 36,313 shares of the bank’s stock worth $1,691,000 after purchasing an additional 3,662 shares during the period. 91.03% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on WSFS shares. Zacks Investment Research lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 13th. started coverage on shares of WSFS Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.50.

About WSFS Financial (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 for WSFS Financial (NASDAQ:WSFS)

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