WSFS Financial Co. (WSFS) Expected to Post Quarterly Sales of $88.90 Million

Analysts expect that WSFS Financial Co. (NASDAQ:WSFS) will post sales of $88.90 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for WSFS Financial’s earnings, with estimates ranging from $87.80 million to $89.99 million. WSFS Financial reported 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 firm is scheduled to announce its next quarterly earnings report on Thursday, April 26th.

On average, 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 fiscal year, analysts forecast that the company will post sales of $407.29 million per share, with estimates ranging from $403.47 million to $411.11 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow WSFS Financial.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The business had revenue of $89.90 million for the quarter, compared to analyst estimates of $57.89 million. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year.

A number of brokerages have recently issued reports on WSFS. Zacks Investment Research lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Merion Capital Group boosted their price target on shares of WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. BidaskClub upgraded shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price target on shares of WSFS Financial in a research note on Tuesday, October 24th. Finally, DA Davidson boosted their price target on shares of WSFS Financial to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.00.

In other WSFS Financial news, EVP S James Mazarakis sold 1,868 shares of the company’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 transaction, the executive vice president now directly owns 42,995 shares in the company, valued at $2,213,812.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.89% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of WSFS. Wells Fargo & Company MN grew its position in WSFS Financial by 14.7% during the second quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock worth $2,441,000 after buying an additional 6,905 shares during the period. UBS Asset Management Americas Inc. grew its position in WSFS Financial by 75.4% during the second quarter. UBS Asset Management Americas Inc. now owns 12,474 shares of the bank’s stock worth $566,000 after buying an additional 5,362 shares during the period. Vanguard Group Inc. grew its position in WSFS Financial by 4.8% during the second quarter. Vanguard Group Inc. now owns 1,307,153 shares of the bank’s stock worth $59,280,000 after buying an additional 59,876 shares during the period. California Public Employees Retirement System grew its position in WSFS Financial by 9.7% during the second quarter. California Public Employees Retirement System now owns 20,384 shares of the bank’s stock worth $924,000 after buying an additional 1,800 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in WSFS Financial by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 58,659 shares of the bank’s stock worth $2,660,000 after buying an additional 488 shares during the period. Institutional investors own 81.02% of the company’s stock.

Shares of WSFS Financial (NASDAQ:WSFS) traded up $0.80 during trading on Friday, hitting $49.30. 62,667 shares of the stock were exchanged, compared to its average volume of 95,036. WSFS Financial has a twelve month low of $42.45 and a twelve month high of $53.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $1,553.62, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.36 annualized dividend and a yield of 0.73%. WSFS Financial’s payout ratio is currently 19.46%.

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

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