WSFS Financial (WSFS) Scheduled to Post Quarterly Earnings on Thursday

WSFS Financial (NASDAQ:WSFS) is set to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, July 25th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $254.48 million. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. WSFS Financial’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. On average, analysts expect WSFS Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

WSFS Financial Price Performance

Shares of WSFS Financial stock opened at $52.30 on Thursday. The company has a market cap of $3.10 billion, a PE ratio of 11.57 and a beta of 1.01. The business has a 50 day moving average of $51.28 and a 200 day moving average of $48.18. WSFS Financial has a 52 week low of $33.12 and a 52 week high of $58.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.46.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, August 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.27%.

Analysts Set New Price Targets

Several research firms have commented on WSFS. DA Davidson boosted their target price on WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler increased their price objective on shares of WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Stephens lifted their price objective on WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, July 29th.

Insider Activity

In related news, EVP Stephen P. Clark sold 12,663 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total value of $715,712.76. Following the completion of the transaction, the executive vice president now owns 25,671 shares of the company’s stock, valued at approximately $1,450,924.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.21% 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.