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

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

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $42.85 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. WSFS Financial has a 52 week low of $29.59 and a 52 week high of $47.97. The firm has a market cap of $2.57 billion, a PE ratio of 9.56 and a beta of 1.03. The firm’s fifty day moving average is $43.09 and its 200-day moving average is $41.97.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, May 9th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.39%.

Insider Activity at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the sale, the executive vice president now owns 20,990 shares in the company, valued at approximately $982,122.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.29% of the stock is currently owned by company insiders.

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.