Wall Street brokerages predict that WSFS Financial Co. (NASDAQ:WSFS – Get Rating) will report sales of $211.50 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for WSFS Financial’s earnings. WSFS Financial posted sales of $155.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 35.8%. The business is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that WSFS Financial will report full year sales of $866.39 million for the current fiscal year, with estimates ranging from $864.27 million to $868.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $962.29 million, with estimates ranging from $953.37 million to $971.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS – Get Rating) last announced its earnings results on Thursday, April 21st. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). WSFS Financial had a net margin of 31.02% and a return on equity of 11.89%. The business had revenue of $199.13 million for the quarter, compared to the consensus estimate of $134.16 million. During the same quarter in the previous year, the company earned $1.39 EPS.
In related news, EVP Richard Wright sold 1,973 shares of the stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $42.03, for a total transaction of $82,925.19. Following the completion of the sale, the executive vice president now directly owns 42,196 shares of the company’s stock, valued at $1,773,497.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy J. Foster purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The shares were acquired at an average cost of $41.69 per share, with a total value of $41,690.00. Following the completion of the transaction, the director now directly owns 4,213 shares of the company’s stock, valued at approximately $175,639.97. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in WSFS Financial by 34.8% in the first quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock worth $441,240,000 after buying an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. increased its position in WSFS Financial by 16.2% in the first quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock worth $331,584,000 after buying an additional 992,425 shares during the last quarter. Dimensional Fund Advisors LP increased its position in WSFS Financial by 32.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,263,625 shares of the bank’s stock worth $152,154,000 after buying an additional 790,917 shares during the last quarter. State Street Corp increased its position in WSFS Financial by 29.1% in the first quarter. State Street Corp now owns 2,878,509 shares of the bank’s stock worth $134,196,000 after buying an additional 648,867 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in WSFS Financial by 11.7% in the third quarter. Janus Henderson Group PLC now owns 1,676,653 shares of the bank’s stock worth $86,029,000 after buying an additional 175,955 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.
Shares of WSFS Financial stock opened at $39.65 on Friday. WSFS Financial has a one year low of $37.03 and a one year high of $56.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.77 and a quick ratio of 0.76. The stock’s 50-day moving average is $43.43 and its 200 day moving average is $49.10. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 9.03 and a beta of 1.09.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, May 6th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, May 5th. WSFS Financial’s dividend payout ratio (DPR) is presently 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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