WSFS Financial (WSFS) to Release Quarterly Earnings on Thursday

WSFS Financial (NASDAQ:WSFS) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Friday, January 26th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The business had revenue of $265.33 million for the quarter, compared to analysts’ expectations of $247.56 million. During the same period in the previous year, the business posted $1.38 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts expect WSFS Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

WSFS Financial Trading Down 0.3 %

Shares of WSFS Financial stock opened at $41.74 on Thursday. WSFS Financial has a 52-week low of $29.59 and a 52-week high of $47.97. The stock’s 50-day simple moving average is $42.89 and its 200 day simple moving average is $41.62. The stock has a market capitalization of $2.51 billion, a P/E ratio of 9.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83.

Insider Activity

In other news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total transaction of $748,265.68. Following the sale, the executive vice president now directly owns 20,990 shares in the company, valued at $982,122.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On WSFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of WSFS. BlackRock Inc. increased its position in shares of 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 purchasing an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 992,425 shares during the last quarter. State Street Corp increased its position in shares of 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 purchasing an additional 648,867 shares during the last quarter. Norges Bank bought a new position in shares of WSFS Financial in the fourth quarter worth approximately $28,875,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of WSFS Financial by 69.6% in the first quarter. The Manufacturers Life Insurance Company now owns 980,353 shares of the bank’s stock worth $45,704,000 after purchasing an additional 402,212 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

About WSFS Financial

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.