Wall Street brokerages expect WSFS Financial Corporation (NASDAQ:WSFS) to post $84.11 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for WSFS Financial Corporation’s earnings. The highest sales estimate is $85.42 million and the lowest is $82.79 million. WSFS Financial Corporation reported sales of $71.26 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18%. The firm is scheduled to announce its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that WSFS Financial Corporation will report full-year sales of $84.11 million for the current year, with estimates ranging from $334.86 million to $344.80 million. For the next financial year, analysts forecast that the company will report sales of $367.45 million per share, with estimates ranging from $358.83 million to $376.06 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for WSFS Financial Corporation.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. The business had revenue of $81.20 million for the quarter, compared to analyst estimates of $80.53 million. WSFS Financial Corporation had a return on equity of 10.14% and a net margin of 20.09%. During the same period in the previous year, the company posted $0.53 earnings per share.
Several equities research analysts recently issued reports on WSFS shares. Zacks Investment Research downgraded shares of WSFS Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Boenning Scattergood reiterated a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a research note on Friday. BidaskClub downgraded shares of WSFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $50.00 target price on shares of WSFS Financial Corporation in a research note on Wednesday, April 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.75.
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In other WSFS Financial Corporation news, EVP Paul S. Greenplate sold 7,056 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $46.28, for a total value of $326,551.68. Following the transaction, the executive vice president now directly owns 10,535 shares of the company’s stock, valued at approximately $487,559.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Francis B. Brake purchased 2,700 shares of the stock in a transaction on Tuesday, May 2nd. The stock was bought at an average cost of $46.95 per share, for a total transaction of $126,765.00. Following the completion of the acquisition, the director now owns 5,932 shares in the company, valued at $278,507.40. The disclosure for this purchase can be found here. Over the last three months, insiders sold 14,519 shares of company stock worth $662,239. Insiders own 4.89% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in WSFS Financial Corporation by 6.0% in the fourth quarter. State Street Corp now owns 531,466 shares of the bank’s stock valued at $24,635,000 after buying an additional 30,036 shares in the last quarter. Eagle Asset Management Inc. bought a new position in WSFS Financial Corporation during the first quarter valued at $7,887,000. Macquarie Group Ltd. boosted its position in WSFS Financial Corporation by 36.8% in the first quarter. Macquarie Group Ltd. now owns 624,671 shares of the bank’s stock valued at $28,704,000 after buying an additional 168,129 shares in the last quarter. Teachers Advisors LLC boosted its position in WSFS Financial Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 50,030 shares of the bank’s stock valued at $2,319,000 after buying an additional 1,355 shares in the last quarter. Finally, Airain ltd bought a new position in WSFS Financial Corporation during the first quarter valued at $267,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.
WSFS Financial Corporation (WSFS) opened at 45.60 on Friday. The stock has a 50 day moving average price of $45.69 and a 200-day moving average price of $45.58. WSFS Financial Corporation has a 1-year low of $31.90 and a 1-year high of $50.55. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 21.39 and a beta of 1.19.
About WSFS Financial Corporation
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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