Equities research analysts expect WSFS Financial Co. (NASDAQ:WSFS) to report sales of $159.91 million for the current quarter, according to Zacks. Three analysts have provided estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $158.75 million and the highest estimate coming in at $160.59 million. WSFS Financial reported sales of $105.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 52.3%. The company is scheduled to issue its next quarterly earnings report on Monday, October 28th.
On average, analysts expect that WSFS Financial will report full year sales of $605.92 million for the current year, with estimates ranging from $604.30 million to $608.68 million. For the next fiscal year, analysts forecast that the business will post sales of $634.98 million, with estimates ranging from $628.80 million to $647.04 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Monday, July 22nd. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The business had revenue of $166.10 million during the quarter, compared to the consensus estimate of $157.52 million. WSFS Financial had a return on equity of 12.67% and a net margin of 21.06%.
Shares of WSFS Financial stock traded down $0.14 during trading on Friday, hitting $41.76. The company’s stock had a trading volume of 9,810 shares, compared to its average volume of 299,430. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. The business’s fifty day moving average price is $41.02. The firm has a market capitalization of $2.21 billion, a P/E ratio of 11.74, a PEG ratio of 1.00 and a beta of 1.12. WSFS Financial has a 52 week low of $33.75 and a 52 week high of $51.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.15%. WSFS Financial’s dividend payout ratio is presently 13.52%.
Several large investors have recently made changes to their positions in WSFS. Bank of New York Mellon Corp increased its position in shares of WSFS Financial by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 180,180 shares of the bank’s stock valued at $6,830,000 after purchasing an additional 3,802 shares during the period. Bank of America Corp DE increased its position in shares of WSFS Financial by 7.7% during the 4th quarter. Bank of America Corp DE now owns 158,475 shares of the bank’s stock valued at $6,007,000 after purchasing an additional 11,326 shares during the period. Squarepoint Ops LLC boosted its stake in shares of WSFS Financial by 131.8% during the 4th quarter. Squarepoint Ops LLC now owns 9,968 shares of the bank’s stock worth $378,000 after acquiring an additional 5,668 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of WSFS Financial by 7.0% during the 4th quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock worth $500,000 after acquiring an additional 868 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of 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 in the last quarter. Hedge funds and other 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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