Wall Street analysts forecast that WSFS Financial Co. (NASDAQ:WSFS) will announce sales of $88.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for WSFS Financial’s earnings. The lowest sales estimate is $87.80 million and the highest is $89.99 million. WSFS Financial posted sales of $81.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The business is scheduled to issue its next earnings report on Thursday, April 26th.
On average, analysts expect that WSFS Financial will report full year sales of $88.90 million for the current fiscal year, with estimates ranging from $374.69 million to $378.03 million. For the next year, analysts anticipate that the business will report sales of $407.29 million per share, with estimates ranging from $403.47 million to $411.11 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The business had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis.
WSFS traded down $0.75 on Friday, hitting $48.85. 45,627 shares of the company were exchanged, compared to its average volume of 87,536. WSFS Financial has a twelve month low of $42.45 and a twelve month high of $53.00. The stock has a market capitalization of $1,540.41, a price-to-earnings ratio of 19.09, a PEG ratio of 1.23 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 1.05.
In other WSFS Financial news, EVP Thomas W. Kearney sold 1,569 shares of WSFS Financial stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $48.47, for a total transaction of $76,049.43. Following the completion of the sale, the executive vice president now directly owns 17,527 shares of the company’s stock, valued at approximately $849,533.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul D. Geraghty sold 10,353 shares of WSFS Financial stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $50.19, for a total value of $519,617.07. Following the sale, the executive vice president now directly owns 19,743 shares of the company’s stock, valued at $990,901.17. The disclosure for this sale can be found here. Insiders have sold a total of 38,860 shares of company stock valued at $1,933,611 over the last three months. 4.89% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky lifted its holdings in WSFS Financial by 4.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 33,708 shares of the bank’s stock worth $1,613,000 after buying an additional 1,342 shares during the last quarter. American International Group Inc. lifted its holdings in WSFS Financial by 8.1% during the 3rd quarter. American International Group Inc. now owns 20,265 shares of the bank’s stock worth $988,000 after buying an additional 1,515 shares during the last quarter. California Public Employees Retirement System lifted its holdings in WSFS Financial by 10.3% during the 4th quarter. California Public Employees Retirement System now owns 17,533 shares of the bank’s stock worth $839,000 after buying an additional 1,637 shares during the last quarter. Teachers Advisors LLC lifted its holdings in WSFS Financial by 4.4% during the 4th quarter. Teachers Advisors LLC now owns 59,685 shares of the bank’s stock worth $2,856,000 after buying an additional 2,542 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in WSFS Financial by 47.2% during the 4th quarter. Aperio Group LLC now owns 9,971 shares of the bank’s stock worth $477,000 after buying an additional 3,198 shares during the last quarter. 80.07% of the stock is owned by institutional investors.
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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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