$0.87 Earnings Per Share Expected for WSFS Financial Co. (WSFS) This Quarter
Equities analysts predict that WSFS Financial Co. (NASDAQ:WSFS) will report earnings per share of $0.87 for the current quarter, according to Zacks. Two analysts have made estimates for WSFS Financial’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.83. WSFS Financial posted earnings of $0.64 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 35.9%. The business is expected to issue its next earnings results on Monday, October 22nd.
According to Zacks, analysts expect that WSFS Financial will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.38 to $3.93. For the next fiscal year, analysts anticipate that the company will post earnings of $3.78 per share, with EPS estimates ranging from $3.67 to $3.88. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, July 23rd. The bank reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. The company had revenue of $95.98 million during the quarter, compared to the consensus estimate of $93.63 million. WSFS Financial had a net margin of 20.57% and a return on equity of 13.02%.
In related news, CEO Mark A. Turner sold 13,823 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $55.46, for a total transaction of $766,623.58. Following the sale, the chief executive officer now owns 136,436 shares of the company’s stock, valued at approximately $7,566,740.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark A. Turner sold 12,026 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $51.07, for a total transaction of $614,167.82. Following the sale, the chief executive officer now directly owns 143,662 shares in the company, valued at approximately $7,336,818.34. The disclosure for this sale can be found here. Insiders have sold a total of 294,782 shares of company stock worth $15,782,824 in the last ninety days. 4.89% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of WSFS Financial by 10.3% during the 1st quarter. Principal Financial Group Inc. now owns 11,935 shares of the bank’s stock worth $572,000 after purchasing an additional 1,113 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in WSFS Financial by 13.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 9,296 shares of the bank’s stock valued at $445,000 after buying an additional 1,135 shares during the last quarter. Monarch Partners Asset Management LLC lifted its stake in WSFS Financial by 1.8% in the first quarter. Monarch Partners Asset Management LLC now owns 64,195 shares of the bank’s stock valued at $3,075,000 after buying an additional 1,140 shares during the last quarter. Citadel Advisors LLC lifted its stake in WSFS Financial by 5.6% in the first quarter. Citadel Advisors LLC now owns 29,441 shares of the bank’s stock valued at $1,410,000 after buying an additional 1,549 shares during the last quarter. Finally, Rothschild Asset Management Inc. lifted its stake in WSFS Financial by 0.9% in the second quarter. Rothschild Asset Management Inc. now owns 262,575 shares of the bank’s stock valued at $13,995,000 after buying an additional 2,252 shares during the last quarter. 79.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:WSFS traded up $0.10 during midday trading on Friday, hitting $50.55. 583,587 shares of the company’s stock were exchanged, compared to its average volume of 196,708. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 1.04. The company has a market cap of $1.60 billion, a PE ratio of 16.76, a PEG ratio of 1.17 and a beta of 1.22. WSFS Financial has a 12 month low of $42.45 and a 12 month high of $57.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Friday, August 10th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, August 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 17.19%.
WSFS Financial Company Profile
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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