WSFS Financial (NASDAQ:WSFS – Get Free Report) posted its quarterly earnings results on Thursday. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04, Briefing.com reports. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The business had revenue of $251.10 million during the quarter, compared to analyst estimates of $247.57 million. During the same period in the previous year, the business posted $1.02 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
WSFS Financial Stock Performance
Shares of NASDAQ WSFS traded down $1.68 during midday trading on Friday, hitting $42.85. The company’s stock had a trading volume of 294,322 shares, compared to its average volume of 278,552. WSFS Financial has a 1-year low of $29.59 and a 1-year high of $47.97. The firm’s fifty day moving average price is $43.10 and its 200-day moving average price is $41.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $2.57 billion, a P/E ratio of 9.75 and a beta of 1.03.
Insider Activity
In other news, EVP Arthur J. Bacci sold 15,992 shares of WSFS Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the transaction, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at approximately $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.29% 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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.
Recommended Stories
- Five stocks we like better than WSFS Financial
- The Role Economic Reports Play in a Successful Investment Strategy
- 3 Stocks Leading the U.S. Agriculture Comeback
- The 3 Best Fintech Stocks to Buy Now
- How to Use Put Debit Spreads to Profit From Falling Stocks
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.
