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 “buy” rating to a “hold” rating in a report released on Friday. Five analysts rated the stock with a hold rating, WSFS Financial has an average rating of “Hold” 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.
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