WSFS Financial (NASDAQ:WSFS) Releases Earnings Results, Beats Expectations By $0.04 EPS

WSFS Financial (NASDAQ:WSFS) posted its quarterly earnings results on Thursday. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04, Briefing.com reports. WSFS Financial had a net margin of 20.73% and a return on equity of 12.11%. The company had revenue of $251.10 million during the quarter, compared to the consensus estimate of $247.57 million. During the same period last year, the firm earned $1.02 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

WSFS Financial Price Performance

WSFS stock opened at $42.85 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. WSFS Financial has a 12-month low of $29.59 and a 12-month high of $47.97. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 9.56 and a beta of 1.03. The firm has a 50 day moving average of $43.09 and a 200-day moving average of $41.94.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. WSFS Financial’s payout ratio is 13.39%.

Insider Buying and Selling

In related news, EVP Arthur J. Bacci sold 15,992 shares of WSFS Financial stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.79, for a total transaction of $748,265.68. Following the completion of the transaction, the executive vice president now directly owns 20,990 shares in the company, valued at approximately $982,122.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.29% of the company’s stock.

WSFS Financial Company Profile

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.