WSFS Financial (NASDAQ:WSFS) Announces Earnings Results

WSFS Financial (NASDAQ:WSFS) issued its quarterly earnings results on Thursday. The bank reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04, Briefing.com reports. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The business had revenue of $251.10 million during the quarter, compared to analysts’ expectations of $247.57 million. During the same quarter in the prior year, the business posted $1.02 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis.

WSFS Financial Trading Down 3.8 %

Shares of NASDAQ:WSFS traded down $1.68 during trading on Friday, hitting $42.85. The company had a trading volume of 294,322 shares, compared to its average volume of 278,552. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 9.75 and a beta of 1.03. WSFS Financial has a one year low of $29.59 and a one year high of $47.97. The company has a fifty day simple moving average of $43.10 and a two-hundred day simple moving average of $41.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83.

Insider Activity

In other news, EVP Arthur J. Bacci sold 15,992 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the sale, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at approximately $982,122.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.29% 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.