WSFS Financial (WSFS) to Release Quarterly Earnings on Thursday

WSFS Financial (NASDAQ:WSFS) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Friday, January 26th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.07. The firm had revenue of $265.33 million during the quarter, compared to analysts’ expectations of $247.56 million. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. On average, analysts expect WSFS Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

WSFS Financial Trading Down 0.3 %

WSFS opened at $41.74 on Thursday. WSFS Financial has a 1-year low of $29.59 and a 1-year high of $47.97. The firm has a 50-day moving average price of $42.89 and a two-hundred day moving average price of $41.62. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.51 billion, a PE ratio of 9.49 and a beta of 1.03.

Insider Transactions at WSFS Financial

In other news, EVP Arthur J. Bacci sold 15,992 shares of WSFS Financial stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.79, for a total transaction of $748,265.68. Following the completion of the sale, the executive vice president now owns 20,990 shares in the company, valued at approximately $982,122.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WSFS Financial

Several institutional investors have recently modified their holdings of WSFS. Buckingham Strategic Wealth LLC bought a new position in WSFS Financial during the 4th quarter worth approximately $246,000. Ameritas Investment Partners Inc. boosted its stake in WSFS Financial by 40.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,059 shares of the bank’s stock worth $236,000 after acquiring an additional 1,455 shares during the last quarter. Profund Advisors LLC bought a new position in WSFS Financial during the 4th quarter worth approximately $234,000. XTX Topco Ltd bought a new position in WSFS Financial during the 1st quarter worth approximately $220,000. Finally, LPL Financial LLC bought a new position in WSFS Financial during the 3rd quarter worth approximately $211,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.