Zacks: Analysts Expect WSFS Financial Co. (NASDAQ:WSFS) to Announce $0.92 Earnings Per Share
Analysts predict that WSFS Financial Co. (NASDAQ:WSFS – Get Rating) will announce earnings per share of $0.92 for the current quarter, Zacks reports. Two analysts have made estimates for WSFS Financial’s earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.85. WSFS Financial reported earnings per share of $2.00 during the same quarter last year, which would suggest a negative year-over-year growth rate of 54%. The business is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that WSFS Financial will report full-year earnings of $4.11 per share for the current year, with EPS estimates ranging from $3.98 to $4.27. For the next fiscal year, analysts anticipate that the company will report earnings of $4.66 per share, with EPS estimates ranging from $4.60 to $4.75. Zacks’ earnings per share 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 – Get Rating) last issued its earnings results on Thursday, April 21st. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). The company had revenue of $199.13 million during the quarter, compared to the consensus estimate of $134.16 million. WSFS Financial had a return on equity of 11.89% and a net margin of 31.02%. During the same quarter in the prior year, the company earned $1.39 earnings per share.
A number of brokerages have commented on WSFS. Stephens dropped their target price on shares of WSFS Financial from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Piper Sandler upgraded shares of WSFS Financial from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $56.00 to $51.00 in a research note on Monday, April 25th. Zacks Investment Research upgraded shares of WSFS Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, April 28th. Finally, StockNews.com upgraded shares of WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, WSFS Financial currently has an average rating of “Hold” and an average target price of $51.80.
Shares of WSFS stock opened at $39.74 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.77 and a quick ratio of 0.76. The company has a market capitalization of $2.52 billion, a P/E ratio of 9.05 and a beta of 1.09. The company’s 50-day simple moving average is $43.89 and its two-hundred day simple moving average is $49.30. WSFS Financial has a one year low of $37.03 and a one year high of $56.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, May 6th will be issued a $0.13 dividend. The ex-dividend date is Thursday, May 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.31%. WSFS Financial’s dividend payout ratio is currently 11.85%.
In related news, EVP Richard Wright sold 1,973 shares of the firm’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $42.03, for a total transaction of $82,925.19. Following the completion of the transaction, the executive vice president now owns 42,196 shares of the company’s stock, valued at $1,773,497.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nancy J. Foster bought 1,000 shares of WSFS Financial stock in a transaction that occurred on Tuesday, April 26th. The shares were acquired at an average cost of $41.69 per share, with a total value of $41,690.00. Following the acquisition, the director now owns 4,213 shares of the company’s stock, valued at $175,639.97. The disclosure for this purchase can be found here. Company insiders own 1.73% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of WSFS Financial by 34.8% during the first quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock worth $441,240,000 after purchasing an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 worth $331,584,000 after purchasing an additional 992,425 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of WSFS Financial by 32.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,263,625 shares of the bank’s stock worth $152,154,000 after purchasing an additional 790,917 shares during the last quarter. State Street Corp raised its holdings in shares of WSFS Financial by 29.1% during the first quarter. State Street Corp now owns 2,878,509 shares of the bank’s stock worth $134,196,000 after purchasing an additional 648,867 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of WSFS Financial by 11.7% during the third quarter. Janus Henderson Group PLC now owns 1,676,653 shares of the bank’s stock worth $86,029,000 after purchasing an additional 175,955 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on WSFS Financial (WSFS)
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