Analysts expect WSFS Financial Co. (NASDAQ:WSFS) to report $146.25 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $141.00 million and the highest estimate coming in at $152.60 million. WSFS Financial posted sales of $166.10 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12%. The firm is expected to report its next earnings results on Monday, July 27th.
According to Zacks, analysts expect that WSFS Financial will report full year sales of $605.88 million for the current fiscal year, with estimates ranging from $602.20 million to $611.64 million. For the next year, analysts expect that the business will post sales of $583.25 million, with estimates ranging from $577.85 million to $588.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, April 27th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.46). WSFS Financial had a return on equity of 8.75% and a net margin of 19.74%. The business had revenue of $157.00 million for the quarter, compared to the consensus estimate of $150.34 million.
WSFS has been the topic of a number of research analyst reports. Piper Sandler upped their target price on shares of WSFS Financial from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods raised shares of WSFS Financial from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Wednesday, April 1st. Zacks Investment Research reaffirmed a “sell” rating on shares of WSFS Financial in a report on Sunday, May 3rd. ValuEngine cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, BidaskClub cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.00.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in WSFS Financial by 3.2% in the 4th quarter. FMR LLC now owns 2,773,602 shares of the bank’s stock valued at $122,011,000 after acquiring an additional 86,454 shares during the period. Janus Henderson Group PLC grew its position in shares of WSFS Financial by 9.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,874,725 shares of the bank’s stock worth $46,718,000 after purchasing an additional 157,462 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of WSFS Financial by 14.3% during the 4th quarter. Macquarie Group Ltd. now owns 922,638 shares of the bank’s stock worth $40,587,000 after purchasing an additional 115,611 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of WSFS Financial by 4.7% during the 1st quarter. Pzena Investment Management LLC now owns 796,091 shares of the bank’s stock worth $19,839,000 after purchasing an additional 35,717 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of WSFS Financial by 8.0% during the 1st quarter. Geode Capital Management LLC now owns 773,811 shares of the bank’s stock worth $19,283,000 after purchasing an additional 57,238 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:WSFS traded up $1.99 on Thursday, hitting $27.65. 255,300 shares of the company’s stock were exchanged, compared to its average volume of 286,763. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a 50-day moving average price of $27.38 and a 200-day moving average price of $32.90. The company has a market cap of $1.30 billion, a P/E ratio of 10.30 and a beta of 1.32. WSFS Financial has a 52 week low of $17.84 and a 52 week high of $46.05.
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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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