Wall Street analysts forecast that WSFS Financial Co. (NASDAQ:WSFS) will report earnings of $0.91 per share for the current quarter, according to Zacks. Two analysts have issued estimates for WSFS Financial’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.90. WSFS Financial posted earnings of $0.76 per share in the same quarter last year, which would suggest a positive year over year growth rate of 19.7%. The firm is scheduled to issue its next earnings report on Monday, April 22nd.
According to Zacks, analysts expect that WSFS Financial will report full year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.55 to $3.70. For the next financial year, analysts expect that the firm will post earnings of $4.09 per share, with EPS estimates ranging from $3.90 to $4.20. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. WSFS Financial had a return on equity of 14.60% and a net margin of 29.58%. The business had revenue of $102.86 million during the quarter, compared to analysts’ expectations of $98.34 million.
In related news, Director Mark A. Turner sold 14,335 shares of WSFS Financial stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $45.02, for a total value of $645,361.70. Following the sale, the director now owns 155,205 shares of the company’s stock, valued at $6,987,329.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.73% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its holdings in shares of WSFS Financial by 2.0% during the fourth quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock worth $619,000 after acquiring an additional 323 shares during the period. Prudential Financial Inc. raised its position in shares of WSFS Financial by 4.1% in the fourth quarter. Prudential Financial Inc. now owns 10,790 shares of the bank’s stock valued at $409,000 after buying an additional 427 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WSFS Financial by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock valued at $93,000 after buying an additional 697 shares in the last quarter. Legal & General Group Plc raised its position in shares of WSFS Financial by 7.0% in the fourth quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock valued at $500,000 after buying an additional 868 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in shares of WSFS Financial in the fourth quarter valued at approximately $48,000. 87.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of WSFS traded down $0.47 during mid-day trading on Friday, reaching $38.60. The company had a trading volume of 136,049 shares, compared to its average volume of 456,446. WSFS Financial has a twelve month low of $33.75 and a twelve month high of $57.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.21 billion, a PE ratio of 10.87, a PEG ratio of 0.89 and a beta of 1.14.
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. 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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