WSFS Financial (NASDAQ:WSFS – Get Free Report) issued its quarterly earnings data on Thursday. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04, Briefing.com reports. The business had revenue of $251.10 million during the quarter, compared to analysts’ expectations of $247.57 million. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS.
WSFS Financial Price Performance
Shares of WSFS Financial stock traded down $1.68 on Friday, hitting $42.85. The company’s stock had a trading volume of 293,902 shares, compared to its average volume of 278,547. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. WSFS Financial has a 1 year low of $29.59 and a 1 year high of $47.97. The firm has a fifty day moving average price of $43.10 and a 200-day moving average price of $41.90. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 9.75 and a beta of 1.03.
Insider Activity at WSFS Financial
In related news, EVP Arthur J. Bacci sold 15,992 shares of WSFS Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the transaction, the executive vice president now owns 20,990 shares in the company, valued at approximately $982,122.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.29% of the stock is owned by company insiders.
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.
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