Wall Street analysts predict that WSFS Financial Co. (NASDAQ: WSFS) will post $ 156.04 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for WSFS Financial’s earnings. The lowest sales estimate is $ 152.87 million and the highest is $ 159.20 million. WSFS Financial reported sales of $ 178.13 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.4%. The company is expected to release its next quarterly earnings report on Thursday, July 22.
According to Zacks, analysts expect WSFS Financial to report annual revenue of $ 624.12 million for the current year. For the next fiscal year, analysts predict the company will post revenue of $ 633.15 million. Zacks Investment Research sales averages are an average based on a survey of research analysts who cover WSFS Financial.
WSFS Financial (NASDAQ: WSFS) last released its quarterly results on Thursday, April 22. The bank reported earnings per share of $ 1.39 for the quarter, beating analyst consensus estimates of $ 0.88 by $ 0.51. WSFS Financial had a net margin of 23.80% and a return on equity of 8.36%. The company posted revenue of $ 162.01 million in the quarter, compared to the consensus estimate of $ 115.39 million.
A number of analysts have recently weighed on the title. DA Davidson reissued a “neutral” rating on WSFS Financial shares in a research report on Wednesday, March 17. Piper Sandler reissued a “neutral” rating and set a price target of $ 55.00 (up from previously 50.00) for shares of WSFS Financial in a research report published on Monday, March 8. Boenning Scattergood reaffirmed a “neutral” rating on WSFS Financial shares in a report released on Wednesday, March 10. Finally, Zacks Investment Research downgraded WSFS Financial’s stock rating from a âbuyâ rating to a âholdâ rating in a report released on Friday. Five analysts rated the stock with a hold rating, WSFS Financial has an average rating of âHoldâ and an average target price of $ 54.50.
WSFS stock opened at $ 45.85 on Friday. WSFS Financial has a twelve month low of $ 24.59 and a twelve month high of $ 55.18. The company has a debt to equity ratio of 0.19, a current ratio of 0.87, and a quick ratio of 0.85. The company has a market cap of $ 2.18 billion, a P / E ratio of 13.37 and a beta of 1.34. The 50-day moving average for the stock is $ 51.16.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 21. Shareholders of record on Friday, May 7 received a dividend of $ 0.13. This represents a dividend of $ 0.52 on an annualized basis and a return of 1.13%. The ex-dividend date was Thursday, May 6. This is an increase from WSFS Financial’s previous quarterly dividend of $ 0.12. WSFS Financial’s payout ratio is currently 27.23%.
In other WSFS Financial news, Director Mark A. Turner sold 13,340 shares of the company in a trade on Tuesday, June 8. The stock was sold for an average price of $ 54.64, for a total value of $ 728,897.60. Following the sale, the director now directly owns 10,000 shares of the company, valued at $ 546,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. In addition, Executive Vice President Richard Wright sold 1,234 shares of the company in a transaction on Tuesday, April 27. The shares were sold for an average price of $ 50.56, for a total value of $ 62,391.04. Following the closing of the sale, the Executive Vice President now owns 53,841 shares of the company, valued at $ 2,722,200.96. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 138,110 shares of the company valued at $ 7,231,234. 1.98% of the shares are currently owned by company insiders.
A number of hedge funds have recently bought and sold shares in the company. Lazard Asset Management LLC purchased a new stake in shares of WSFS Financial during the first quarter valued at approximately $ 35,000. FORA Capital LLC purchased a new stake in shares of WSFS Financial during the first quarter valued at approximately $ 52,000. DF Dent & Co. Inc. purchased a new stake in shares of WSFS Financial during the fourth quarter valued at approximately $ 201,000. Cim Investment Management Inc. acquired a new position in WSFS Financial during the first quarter valued at approximately $ 203,000. Finally, Stephens Inc. AR acquired a new position in WSFS Financial during the first quarter valued at approximately $ 204,000. Institutional investors hold 89.91% of the shares of the company.
WSFS Financial Company Profile
WSFS Financial Corporation operates as a savings and loan holding company for the Wilmington Savings Fund Society, FSB, which provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect and Wealth Management. It offers a variety of deposit products including savings accounts, sight deposits, interest-bearing sight deposits, money market deposit accounts and certificates of deposit, and accepts jumbo certificates of deposit from individuals, companies and municipalities.
Read more: What does the Producer Price Index (PPI) tell investors?
Get a Free Copy of Zacks’ Research Report on WSFS Financial (WSFS)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Featured article: How are preferred stocks different from common stocks?
7 shares of electric vehicles (EV) that have real juice
I’ll start with a warning. You won’t see Tesla (NASDAQ: TSLA) or Nio (NYSE: NIO) on this list. And it’s not because I’m going against the grain. I’m just looking at Tesla and Nio as the known quantities in the electric vehicle industry. The purpose of this presentation is to help you identify actions that might go under your radar.
Many shares of electric vehicles went public in 2020 through a Special Purpose Acquisition Company (SPAC). There is good and bad in this story. The good thing is that investors have many options for investing in the electric vehicle industry. Many companies that have entered the market are trying to carve out a specific niche.
The potential bad news is that these stocks are very speculative in nature. While companies like Tesla and Nio have a proven track record (albeit recent), there are things like revenue and orders that investors can analyze. With many of these newly opened companies, investors are being urged to buy more history than stock, which is always risky.
However, in this special presentation, we have identified seven companies that appear to have a compelling enough story for investors to be rewarded in 2021.
Check out the “7 Electric Vehicle (EV) Shares That Have Real Juice.”