WSFS Financial (NASDAQ:WSFS) announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05, Bloomberg Earnings reports. The business had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS.
WSFS Financial (WSFS) traded up $0.75 during trading on Wednesday, hitting $49.05. 87,515 shares of the company’s stock traded hands, compared to its average volume of 100,520. WSFS Financial has a one year low of $42.45 and a one year high of $53.00. The firm has a market cap of $1,512.78, a PE ratio of 26.51, a P/E/G ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. WSFS Financial’s dividend payout ratio is currently 19.46%.
In other WSFS Financial news, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total transaction of $96,183.32. Following the sale, the executive vice president now directly owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.52, for a total transaction of $100,436.40. Following the sale, the executive vice president now directly owns 90,589 shares in the company, valued at $4,395,378.28. The disclosure for this sale can be found here. 4.89% of the stock is owned by company insiders.
A number of equities research analysts recently commented on the stock. Merion Capital Group increased their price objective on shares of WSFS Financial from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. BidaskClub cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price objective on shares of WSFS Financial in a research note on Tuesday, October 24th. DA Davidson increased their price objective on shares of WSFS Financial to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill reissued a “buy” rating and issued a $57.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.00.
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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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