Brokerages predict that WSFS Financial Co. (NASDAQ:WSFS) will announce $98.34 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $97.97 million and the highest estimate coming in at $98.71 million. WSFS Financial reported sales of $90.16 million during the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is expected to report its next earnings report on Monday, January 28th.

On average, analysts expect that WSFS Financial will report full-year sales of $404.50 million for the current fiscal year, with estimates ranging from $404.12 million to $404.87 million. For the next year, analysts expect that the business will report sales of $603.83 million, with estimates ranging from $587.33 million to $620.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover WSFS Financial.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, October 22nd. The bank reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.04. The business had revenue of $105.00 million during the quarter, compared to analyst estimates of $100.42 million. WSFS Financial had a return on equity of 14.12% and a net margin of 23.83%.

WSFS has been the subject of a number of research analyst reports. BidaskClub lowered WSFS Financial from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a report on Thursday, August 9th. Keefe, Bruyette & Woods raised WSFS Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 10th. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $63.00 target price on shares of WSFS Financial in a report on Sunday, August 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.67.

Shares of WSFS Financial stock traded down $0.24 on Thursday, reaching $42.83. The company’s stock had a trading volume of 122,000 shares, compared to its average volume of 133,285. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.01 and a beta of 1.14. WSFS Financial has a 52 week low of $40.04 and a 52 week high of $57.70. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, November 5th. WSFS Financial’s payout ratio is 17.19%.

In other news, CEO Mark A. Turner sold 25,700 shares of the firm’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $47.81, for a total value of $1,228,717.00. Following the transaction, the chief executive officer now directly owns 144,631 shares in the company, valued at approximately $6,914,808.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark A. Turner sold 12,995 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $47.59, for a total value of $618,432.05. Following the completion of the transaction, the chief executive officer now owns 144,631 shares in the company, valued at $6,882,989.29. The disclosure for this sale can be found here. In the last three months, insiders sold 83,791 shares of company stock valued at $4,049,304. Corporate insiders own 5.73% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC purchased a new position in shares of WSFS Financial in the 3rd quarter worth $157,000. Capital Fund Management S.A. purchased a new position in shares of WSFS Financial in the 2nd quarter worth $208,000. Tower Bridge Advisors purchased a new position in shares of WSFS Financial in the 2nd quarter worth $213,000. Trexquant Investment LP purchased a new position in shares of WSFS Financial in the 3rd quarter worth $217,000. Finally, Amalgamated Bank purchased a new position in shares of WSFS Financial in the 2nd quarter worth $225,000. Hedge funds and other institutional investors own 78.52% of the company’s stock.

WSFS Financial Company Profile

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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Earnings History and Estimates for WSFS Financial (NASDAQ:WSFS)

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