Analysts expect WSFS Financial Co. (NASDAQ:WSFS) to report $100.42 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for WSFS Financial’s earnings, with estimates ranging from $97.61 million to $103.24 million. WSFS Financial posted sales of $88.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.4%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, October 22nd.
On average, analysts expect that WSFS Financial will report full year sales of $400.25 million for the current year, with estimates ranging from $397.90 million to $402.59 million. For the next year, analysts anticipate that the company will post sales of $588.99 million. Zacks’ sales averages are an average based on a survey of analysts that follow WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, July 23rd. The bank reported $0.90 EPS for the quarter, beating the consensus estimate of $0.82 by $0.08. WSFS Financial had a return on equity of 13.02% and a net margin of 20.57%. The company had revenue of $95.98 million for the quarter, compared to analysts’ expectations of $93.63 million.
A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised WSFS Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 10th. ValuEngine downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. BidaskClub downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Zacks Investment Research downgraded WSFS Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Stephens reissued a “buy” rating and issued a $58.00 target price on shares of WSFS Financial in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. WSFS Financial currently has an average rating of “Hold” and a consensus target price of $59.67.
WSFS stock traded down $0.44 during trading on Monday, reaching $44.95. The stock had a trading volume of 3,953 shares, compared to its average volume of 126,151. WSFS Financial has a 52 week low of $44.10 and a 52 week high of $57.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.11 and a beta of 1.18.
In other news, CEO Mark A. Turner sold 4,768 shares of the firm’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $56.21, for a total value of $268,009.28. Following the transaction, the chief executive officer now owns 147,753 shares of the company’s stock, valued at $8,305,196.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Wright sold 3,096 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $50.36, for a total value of $155,914.56. Following the completion of the transaction, the executive vice president now directly owns 45,265 shares in the company, valued at approximately $2,279,545.40. The disclosure for this sale can be found here. Insiders sold 161,205 shares of company stock worth $8,204,497 in the last ninety days. Corporate insiders own 5.73% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lenox Wealth Advisors LLC bought a new stake in WSFS Financial during the 3rd quarter valued at approximately $157,000. Capital Fund Management S.A. bought a new stake in WSFS Financial during the 2nd quarter valued at approximately $208,000. Tower Bridge Advisors bought a new stake in WSFS Financial during the 2nd quarter valued at approximately $213,000. Amalgamated Bank bought a new stake in WSFS Financial during the 2nd quarter valued at approximately $225,000. Finally, Engineers Gate Manager LP bought a new stake in WSFS Financial during the 2nd quarter valued at approximately $252,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
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. 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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