Brokerages Expect WSFS Financial Co. (WSFS) Will Post Quarterly Sales of $88.90 Million
Wall Street brokerages predict that WSFS Financial Co. (NASDAQ:WSFS) will post sales of $88.90 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for WSFS Financial’s earnings, with the highest sales estimate coming in at $89.99 million and the lowest estimate coming in at $87.80 million. WSFS Financial posted sales of $81.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that WSFS Financial will report full-year sales of $88.90 million for the current year, with estimates ranging from $374.69 million to $378.03 million. For the next year, analysts expect that the firm will report sales of $407.29 million per share, with estimates ranging from $403.47 million to $411.11 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $57.89 million. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share.
In other WSFS Financial news, EVP S James Mazarakis sold 1,868 shares of WSFS Financial stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total value of $96,183.32. Following the completion of the sale, the executive vice president now directly owns 42,995 shares in the company, valued at $2,213,812.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.89% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in WSFS Financial by 14.7% in the second quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock valued at $2,441,000 after acquiring an additional 6,905 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of WSFS Financial by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,242,570 shares of the bank’s stock valued at $60,575,000 after purchasing an additional 36,426 shares during the period. Chatham Capital Group Inc. raised its position in shares of WSFS Financial by 27.6% in the third quarter. Chatham Capital Group Inc. now owns 29,830 shares of the bank’s stock valued at $1,454,000 after purchasing an additional 6,450 shares during the period. Eagle Asset Management Inc. raised its position in shares of WSFS Financial by 22.3% in the third quarter. Eagle Asset Management Inc. now owns 208,565 shares of the bank’s stock valued at $10,250,000 after purchasing an additional 38,009 shares during the period. Finally, State Street Corp raised its position in shares of WSFS Financial by 7.3% in the second quarter. State Street Corp now owns 585,592 shares of the bank’s stock valued at $26,559,000 after purchasing an additional 39,671 shares during the period. Hedge funds and other institutional investors own 81.02% of the company’s stock.
WSFS Financial (NASDAQ WSFS) traded up $0.80 during mid-day trading on Friday, hitting $49.30. 62,667 shares of the company traded hands, compared to its average volume of 95,036. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $1,553.62, a PE ratio of 26.65, a P/E/G ratio of 1.24 and a beta of 1.22. WSFS Financial has a twelve month low of $42.45 and a twelve month high of $53.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is presently 19.46%.
About WSFS Financial
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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