WSFS Financial (WSFS) to Release Earnings on Thursday

WSFS Financial (NASDAQ:WSFSGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

WSFS Financial (NASDAQ:WSFSGet Rating) last released its earnings results on Monday, October 24th. The bank reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). WSFS Financial had a net margin of 22.99% and a return on equity of 10.64%. The firm had revenue of $176.80 million during the quarter, compared to the consensus estimate of $175.59 million. During the same period in the prior year, the business posted $1.19 earnings per share. WSFS Financial’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, analysts expect WSFS Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $47.40 on Wednesday. The company has a 50 day moving average of $46.67 and a 200-day moving average of $47.10. WSFS Financial has a 1-year low of $37.03 and a 1-year high of $54.30. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.92 billion, a PE ratio of 14.19 and a beta of 1.02.

Insider Buying and Selling at WSFS Financial

In other news, CEO Rodger Levenson sold 7,945 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $48.24, for a total value of $383,266.80. Following the sale, the chief executive officer now directly owns 130,369 shares of the company’s stock, valued at approximately $6,289,000.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Rodger Levenson sold 7,945 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $48.24, for a total value of $383,266.80. Following the transaction, the chief executive officer now owns 130,369 shares in the company, valued at approximately $6,289,000.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Joseph Ward sold 1,305 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $46.38, for a total transaction of $60,525.90. Following the completion of the sale, the executive vice president now directly owns 140,881 shares of the company’s stock, valued at $6,534,060.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,638 shares of company stock valued at $927,562. 1.73% of the stock is currently owned by company insiders.

Institutional Trading of WSFS Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. lifted its position in shares of WSFS Financial by 23.9% during the first quarter. American International Group Inc. now owns 37,187 shares of the bank’s stock worth $1,734,000 after purchasing an additional 7,184 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of WSFS Financial during the first quarter valued at $336,000. Loomis Sayles & Co. L P purchased a new position in shares of WSFS Financial during the first quarter valued at $12,989,000. Vanguard Group Inc. increased its stake in shares of WSFS Financial by 16.2% during the first quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock valued at $331,584,000 after buying an additional 992,425 shares during the period. Finally, Sei Investments Co. increased its stake in shares of WSFS Financial by 8.6% during the first quarter. Sei Investments Co. now owns 30,733 shares of the bank’s stock valued at $1,434,000 after buying an additional 2,426 shares during the period. 88.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WSFS shares. Janney Montgomery Scott initiated coverage on shares of WSFS Financial in a research report on Wednesday, November 30th. They issued a “buy” rating and a $57.00 price target for the company. StockNews.com assumed coverage on shares of WSFS Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, WSFS Financial presently has a consensus rating of “Hold” and a consensus target price of $54.75.

About WSFS Financial

(Get Rating)

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.

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Earnings History for WSFS Financial (NASDAQ:WSFS)

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