WSFS Financial (WSFS) Scheduled to Post Earnings on Thursday

WSFS Financial (NASDAQ:WSFS - Get Free Report) will announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The business had revenue of $266.00 million during the quarter, compared to analysts' expectations of $254.48 million. During the same quarter last year, the company earned $1.16 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. 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 Stock Performance

Shares of NASDAQ WSFS traded up $0.41 during mid-day trading on Thursday, hitting $52.71. The company had a trading volume of 191,202 shares, compared to its average volume of 273,213. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50-day simple moving average is $51.34 and its 200-day simple moving average is $48.21. WSFS Financial has a 12 month low of $33.12 and a 12 month high of $58.59. The firm has a market cap of $3.12 billion, a P/E ratio of 11.61 and a beta of 1.01.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, August 9th. WSFS Financial's dividend payout ratio is 13.27%.

Insider Activity

In other news, EVP Stephen P. Clark sold 12,663 shares of WSFS Financial stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total value of $715,712.76. Following the completion of the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,450,924.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $53.00 to $61.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. Piper Sandler raised their price target on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. DA Davidson raised their price target on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Finally, Stephens raised 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.

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.