WSFS Financial Co. (WSFS) Expected to Post Earnings of $0.91 Per Share

Analysts predict that WSFS Financial Co. (NASDAQ:WSFS) will post $0.91 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for WSFS Financial’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.92. WSFS Financial reported earnings per share of $0.76 in the same quarter last year, which suggests a positive year-over-year growth rate of 19.7%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that WSFS Financial will report full-year earnings of $3.63 per share for the current financial year, with EPS estimates ranging from $3.54 to $3.70. For the next fiscal year, analysts anticipate that the company will post earnings of $4.08 per share, with EPS estimates ranging from $3.90 to $4.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow WSFS Financial.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, beating the 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 firm had revenue of $102.86 million during the quarter, compared to the consensus estimate of $98.34 million.

A number of equities research analysts have commented on the company. Zacks Investment Research cut WSFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. BidaskClub raised WSFS Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, April 13th. Finally, Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $58.67.

NASDAQ WSFS traded down $0.18 during trading hours on Tuesday, hitting $42.05. The company’s stock had a trading volume of 189,776 shares, compared to its average volume of 213,726. WSFS Financial has a 12 month low of $33.75 and a 12 month high of $57.70. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.97 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.95.

In other WSFS Financial news, Director Mark A. Turner sold 14,335 shares of the firm’s stock in a transaction that occurred on 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 directly owns 155,205 shares of the company’s stock, valued at $6,987,329.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.42% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jennison Associates LLC grew its holdings in WSFS Financial by 2.0% in the fourth quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock valued at $619,000 after purchasing an additional 323 shares during the period. Prudential Financial Inc. grew its holdings in 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 purchasing an additional 427 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 purchasing an additional 697 shares during the period. Legal & General Group Plc grew its holdings in 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 purchasing an additional 868 shares during the period. Finally, Pearl River Capital LLC purchased a new position in shares of WSFS Financial in the fourth quarter valued at approximately $48,000. 87.63% 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. 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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Earnings History and Estimates for WSFS Financial (NASDAQ:WSFS)

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