WSFS Financial (NASDAQ:WSFS) released its quarterly earnings data on Tuesday. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.05, Fidelity Earnings reports. The firm had revenue of $159.34 million during the quarter, compared to analyst estimates of $157.10 million. WSFS Financial had a return on equity of 10.13% and a net margin of 20.98%.
NASDAQ WSFS opened at $40.92 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 14.06 and a beta of 1.11. WSFS Financial has a 52 week low of $37.19 and a 52 week high of $46.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a fifty day moving average of $43.40 and a 200-day moving average of $42.93.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. WSFS Financial’s payout ratio is 12.83%.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research reiterated a “hold” rating on shares of WSFS Financial in a research note on Saturday, October 26th. Keefe, Bruyette & Woods lowered WSFS Financial from an “outperform” rating to a “market perform” rating and set a $46.00 target price for the company. in a research note on Wednesday, October 23rd. Stephens began coverage on WSFS Financial in a research note on Monday, January 6th. They issued an “equal weight” rating and a $45.00 target price for the company. ValuEngine raised WSFS Financial from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub downgraded shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.25.
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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