Brokerages forecast that WSFS Financial Co. (NASDAQ:WSFS) will post $96.92 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $96.24 million and the highest estimate coming in at $97.61 million. WSFS Financial posted sales of $88.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, October 22nd.
According to Zacks, analysts expect that WSFS Financial will report full year sales of $396.77 million for the current financial year, with estimates ranging from $395.60 million to $397.94 million. For the next fiscal year, analysts anticipate that the company will report sales of $411.00 million per share, with estimates ranging from $406.62 million to $415.38 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, July 23rd. The bank reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08. The firm had revenue of $95.98 million for the quarter, compared to analysts’ expectations of $93.63 million. WSFS Financial had a net margin of 20.57% and a return on equity of 13.02%.
Shares of WSFS Financial traded up $0.10, hitting $50.55, on Tuesday, MarketBeat Ratings reports. 583,587 shares of the company traded hands, compared to its average volume of 196,708. The stock has a market cap of $1.60 billion, a P/E ratio of 16.76, a PEG ratio of 1.17 and a beta of 1.22. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 1.04. WSFS Financial has a 52 week low of $42.45 and a 52 week high of $57.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Friday, August 10th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, August 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 17.19%.
In other WSFS Financial news, CEO Mark A. Turner sold 12,026 shares of WSFS Financial stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $51.07, for a total transaction of $614,167.82. Following the completion of the sale, the chief executive officer now owns 143,662 shares of the company’s stock, valued at approximately $7,336,818.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark A. Turner sold 13,823 shares of WSFS Financial stock in a transaction on Monday, August 6th. The stock was sold at an average price of $55.46, for a total transaction of $766,623.58. Following the sale, the chief executive officer now directly owns 136,436 shares of the company’s stock, valued at approximately $7,566,740.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 294,782 shares of company stock worth $15,782,824. 4.89% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Tower Bridge Advisors acquired a new stake in shares of WSFS Financial in the 2nd quarter worth $213,000. Amalgamated Bank bought a new position in WSFS Financial during the 2nd quarter valued at $225,000. Engineers Gate Manager LP bought a new position in WSFS Financial during the 2nd quarter valued at $252,000. Xact Kapitalforvaltning AB bought a new position in WSFS Financial during the 4th quarter valued at $265,000. Finally, A.R.T. Advisors LLC bought a new position in WSFS Financial during the 1st quarter valued at $301,000. 79.68% of the stock is owned by institutional investors.
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. 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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