Equities research analysts expect WSFS Financial Corporation (NASDAQ:WSFS) to announce $84.11 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued 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 in the same quarter last year, which indicates a positive year over year growth rate of 18%. The business is expected to report its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that WSFS Financial Corporation will report full-year sales of $84.11 million for the current financial year, with estimates ranging from $334.86 million to $344.80 million. For the next year, analysts anticipate 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 analysts that that provide coverage for WSFS Financial Corporation.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $81.20 million during the quarter, compared to the consensus estimate of $80.53 million. WSFS Financial Corporation had a net margin of 20.09% and a return on equity of 10.14%. During the same quarter in the previous year, the firm earned $0.53 EPS.
Several analysts have issued reports on WSFS shares. Zacks Investment Research raised shares of WSFS Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $50.00 price target on shares of WSFS Financial Corporation in a research report on Wednesday, April 5th. Finally, BidaskClub raised shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.67.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) traded up 1.64% during mid-day trading on Wednesday, hitting $46.50. 64,814 shares of the stock traded hands. WSFS Financial Corporation has a one year low of $31.47 and a one year high of $50.55. The stock has a 50-day moving average of $44.93 and a 200 day moving average of $45.62. The stock has a market cap of $1.46 billion, a PE ratio of 21.81 and a beta of 1.19.
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In other news, EVP S James Mazarakis sold 2,202 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $44.50, for a total transaction of $97,989.00. Following the completion of the sale, the executive vice president now owns 43,828 shares of the company’s stock, valued at $1,950,346. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul S. Greenplate sold 7,056 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $46.28, for a total transaction of $326,551.68. Following the sale, the executive vice president now directly owns 10,535 shares of the company’s stock, valued at approximately $487,559.80. The disclosure for this sale can be found here. Insiders have sold 14,519 shares of company stock valued at $662,239 in the last three months. Corporate insiders own 4.89% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WSFS. Russell Investments Group Ltd. bought a new stake in WSFS Financial Corporation during the fourth quarter worth $2,585,000. Comerica Bank boosted its position in shares of WSFS Financial Corporation by 232.6% in the fourth quarter. Comerica Bank now owns 46,102 shares of the bank’s stock valued at $2,088,000 after buying an additional 32,239 shares during the period. State Street Corp boosted its position in shares of 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of WSFS Financial Corporation by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,149 shares of the bank’s stock valued at $53,866,000 after buying an additional 62,374 shares during the period. Finally, Martingale Asset Management L P purchased a new position in shares of WSFS Financial Corporation during the fourth quarter valued at about $413,000. 78.30% of the stock is owned by institutional investors and hedge funds.
WSFS Financial Corporation Company Profile
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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