Equities research analysts expect WSFS Financial Co. (NASDAQ:WSFS) to post sales of $159.91 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $158.75 million and the highest estimate coming in at $160.59 million. WSFS Financial posted sales of $105.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 52.3%. The business is expected to report its next quarterly earnings report on Monday, October 28th.
According to Zacks, analysts expect that WSFS Financial will report full year sales of $605.92 million for the current year, with estimates ranging from $604.30 million to $608.68 million. For the next fiscal year, analysts expect that the company will report sales of $634.98 million, with estimates ranging from $628.80 million to $647.04 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. WSFS Financial had a net margin of 21.06% and a return on equity of 10.98%. The business had revenue of $166.10 million during the quarter, compared to the consensus estimate of $157.52 million.
NASDAQ WSFS traded up $1.38 during trading hours on Friday, reaching $42.12. 207,700 shares of the company were exchanged, compared to its average volume of 276,445. WSFS Financial has a 1 year low of $33.75 and a 1 year high of $50.60. The business’s 50 day simple moving average is $41.13 and its 200-day simple moving average is $41.50. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.15 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.98 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.14%. WSFS Financial’s payout ratio is 13.52%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Chatham Capital Group Inc. increased its stake in shares of WSFS Financial by 0.8% in the first quarter. Chatham Capital Group Inc. now owns 32,348 shares of the bank’s stock worth $1,249,000 after purchasing an additional 243 shares in the last quarter. Jennison Associates LLC increased its stake in shares of WSFS Financial by 1.0% in the second quarter. Jennison Associates LLC now owns 26,650 shares of the bank’s stock worth $1,101,000 after purchasing an additional 252 shares in the last quarter. US Bancorp DE increased its stake in shares of WSFS Financial by 9.4% in the second quarter. US Bancorp DE now owns 3,381 shares of the bank’s stock worth $139,000 after purchasing an additional 291 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WSFS Financial by 18.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,894 shares of the bank’s stock worth $112,000 after purchasing an additional 444 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of WSFS Financial by 0.5% in the second quarter. Swiss National Bank now owns 95,340 shares of the bank’s stock worth $3,938,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.
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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