Equities research analysts expect WSFS Financial Co. (NASDAQ:WSFS) to post earnings of $0.90 per share for the current quarter, Zacks reports. Three analysts have made estimates for WSFS Financial’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.89. WSFS Financial reported earnings of $0.96 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.2%. The business is expected to announce its next earnings results on Monday, October 28th.

According to Zacks, analysts expect that WSFS Financial will report full-year earnings of $3.46 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.65. For the next financial year, analysts forecast that the firm will report earnings of $3.92 per share, with EPS estimates ranging from $3.76 to $4.02. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow WSFS Financial.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, July 22nd. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. WSFS Financial had a return on equity of 12.67% and a net margin of 21.06%. The firm had revenue of $166.10 million for the quarter, compared to analyst estimates of $157.52 million.

Several research firms have weighed in on WSFS. BidaskClub raised WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 30th. Zacks Investment Research lowered WSFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Boenning Scattergood reissued an “outperform” rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th. Finally, Piper Jaffray Companies initiated coverage on WSFS Financial in a research note on Monday, July 15th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.38.

NASDAQ:WSFS traded down $0.14 during mid-day trading on Thursday, hitting $41.76. The company had a trading volume of 9,810 shares, compared to its average volume of 299,430. WSFS Financial has a fifty-two week low of $33.75 and a fifty-two week high of $51.00. The company has a fifty day moving average price of $41.02. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.00 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.15%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.52%.

Several institutional investors have recently made changes to their positions in the business. Corbyn Investment Management Inc. MD bought a new stake in WSFS Financial during the 1st quarter worth $1,418,000. Bank of America Corp DE grew its position in WSFS Financial by 7.7% during the 4th quarter. Bank of America Corp DE now owns 158,475 shares of the bank’s stock worth $6,007,000 after acquiring an additional 11,326 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in WSFS Financial by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,181,319 shares of the bank’s stock worth $45,599,000 after acquiring an additional 13,676 shares during the last quarter. Salzhauer Michael bought a new stake in WSFS Financial during the 1st quarter worth $653,000. Finally, FMR LLC grew its position in WSFS Financial by 6.3% during the 4th quarter. FMR LLC now owns 1,296,887 shares of the bank’s stock worth $49,165,000 after acquiring an additional 76,840 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

About WSFS Financial

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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