WSFS Financial (NASDAQ:WSFS) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

WSFS Financial (NASDAQ:WSFS) announced its quarterly earnings data on Monday. The bank reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.07, Fidelity Earnings reports. The firm had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $158.75 million. WSFS Financial had a net margin of 20.56% and a return on equity of 11.13%.

Shares of NASDAQ:WSFS traded down $0.52 during trading on Thursday, reaching $43.46. The stock had a trading volume of 112 shares, compared to its average volume of 183,955. The business has a fifty day moving average price of $43.75 and a 200-day moving average price of $42.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.40 billion, a P/E ratio of 12.33 and a beta of 1.12. WSFS Financial has a fifty-two week low of $33.75 and a fifty-two week high of $46.05.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 6th. WSFS Financial’s dividend payout ratio is presently 13.52%.

In other news, Director Mark A. Turner sold 124,177 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $41.31, for a total value of $5,129,751.87. Following the completion of the transaction, the director now owns 161,779 shares of the company’s stock, valued at $6,683,090.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Patrick Joseph Ward sold 15,962 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $41.95, for a total transaction of $669,605.90. Following the completion of the transaction, the executive vice president now directly owns 115,729 shares of the company’s stock, valued at approximately $4,854,831.55. The disclosure for this sale can be found here. In the last three months, insiders sold 148,165 shares of company stock valued at $6,157,398. Company insiders own 2.42% of the company’s stock.

A number of equities analysts have issued reports on WSFS shares. Keefe, Bruyette & Woods cut shares of WSFS Financial from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research report on Wednesday. Piper Jaffray Companies started coverage on shares of WSFS Financial in a research report on Monday, July 15th. They set a “neutral” rating for the company. Zacks Investment Research restated a “hold” rating on shares of WSFS Financial in a research report on Saturday, October 19th. Finally, BidaskClub cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.25.

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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Earnings History for WSFS Financial (NASDAQ:WSFS)

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