WSFS Financial (NASDAQ:WSFS) Issues Quarterly Earnings Results

WSFS Financial (NASDAQ:WSFS) issued its quarterly earnings data on Thursday. The bank reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08, Briefing.com reports. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. The company had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis.

WSFS Financial Stock Down 0.7 %

Shares of WSFS traded down $0.33 during midday trading on Friday, hitting $50.40. The company had a trading volume of 63,808 shares, compared to its average volume of 270,059. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 11.22 and a beta of 1.01. The company’s 50 day moving average price is $51.49 and its 200 day moving average price is $48.49. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.46. WSFS Financial has a 52 week low of $33.69 and a 52 week high of $58.59.

Insider Transactions at WSFS Financial

In other news, EVP Stephen P. Clark sold 12,663 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total value of $715,712.76. Following the completion of the sale, the executive vice president now directly owns 25,671 shares in the company, valued at approximately $1,450,924.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WSFS has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price target on WSFS Financial from $53.00 to $61.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Stephens lifted their price target on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Piper Sandler boosted their price target on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Finally, DA Davidson raised their price objective on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 29th.

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.