WSFS Financial (NASDAQ:WSFS) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

WSFS Financial (NASDAQ:WSFS) released its quarterly earnings results on Monday. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13, Zacks reports. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%.

WSFS Financial Trading Up 1.3 %

Shares of NASDAQ:WSFS opened at $55.52 on Wednesday. The stock’s 50-day simple moving average is $55.71 and its two-hundred day simple moving average is $53.60. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.68 and a beta of 1.08. WSFS Financial has a 52-week low of $40.19 and a 52-week high of $62.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stephens restated an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a report on Tuesday. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.25.

About WSFS Financial

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.