WSFS Financial Corporation (WSFS) Set to Announce Quarterly Earnings on Wednesday
WSFS Financial Corporation (NASDAQ:WSFS) will be issuing its quarterly earnings data after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
WSFS Financial Corporation (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. On average, analysts expect WSFS Financial Corporation to post $2.55 EPS for the current fiscal year and $2.97 EPS for the next fiscal year.
WSFS Financial Corporation (NASDAQ:WSFS) opened at 49.70 on Wednesday. WSFS Financial Corporation has a one year low of $31.90 and a one year high of $50.80. The stock’s 50 day moving average is $46.49 and its 200 day moving average is $45.73. The firm has a market capitalization of $1.56 billion, a P/E ratio of 22.75 and a beta of 1.22.
WSFS has been the topic of several research reports. BidaskClub cut shares of WSFS Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Boenning Scattergood reiterated a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. WSFS Financial Corporation currently has an average rating of “Buy” and a consensus price target of $51.33.
In related news, EVP Peggy H. Eddens sold 8,580 shares of WSFS Financial Corporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total value of $380,008.20. Following the transaction, the executive vice president now owns 27,659 shares in the company, valued at approximately $1,225,017.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP S James Mazarakis sold 7,161 shares of WSFS Financial Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $44.86, for a total transaction of $321,242.46. Following the completion of the transaction, the executive vice president now owns 48,288 shares in the company, valued at approximately $2,166,199.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,240 shares of company stock worth $723,172. 4.89% of the stock is owned by corporate insiders.
About WSFS Financial Corporation
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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