WSFS Financial Corporation (WSFS) Set to Announce Quarterly Earnings on Monday
WSFS Financial Corporation (NASDAQ:WSFS) is scheduled to be announcing its earnings results after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $54.83 million. WSFS Financial Corporation had a return on equity of 10.44% and a net margin of 19.96%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. On average, analysts expect WSFS Financial Corporation to post $2.56 EPS for the current fiscal year and $2.97 EPS for the next fiscal year.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at 50.75 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of 23.23 and a beta of 1.22. WSFS Financial Corporation has a 12-month low of $31.90 and a 12-month high of $52.15. The company’s 50-day moving average price is $47.30 and its 200 day moving average price is $45.89.
WSFS has been the subject of several research reports. BidaskClub lowered WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Boenning Scattergood reissued a “buy” rating and set a $49.00 price objective on shares of WSFS Financial Corporation in a report on Friday, July 28th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $51.33.
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In other WSFS Financial Corporation news, EVP S James Mazarakis sold 7,161 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $44.86, for a total transaction of $321,242.46. Following the completion of the transaction, the executive vice president now directly owns 48,288 shares of the company’s stock, valued at $2,166,199.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peggy H. Eddens sold 8,580 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total value of $380,008.20. Following the transaction, the executive vice president now directly owns 27,659 shares of the company’s stock, valued at $1,225,017.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,240 shares of company stock valued at $723,172. 4.89% of the stock is owned by corporate insiders.
About WSFS Financial Corporation
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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