WSFS Financial (NASDAQ:WSFS – Get Free Report) issued its quarterly earnings results on Thursday. The bank reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04, Briefing.com reports. The firm had revenue of $266.00 million during the quarter, compared to the consensus estimate of $254.48 million. WSFS Financial had a return on equity of 11.94% and a net margin of 20.73%. WSFS Financial’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share.
WSFS Financial Stock Down 0.4 %
NASDAQ WSFS traded down $0.23 on Friday, hitting $56.86. 520,323 shares of the stock traded hands, compared to its average volume of 275,344. The stock has a 50-day moving average of $46.82 and a 200 day moving average of $44.82. WSFS Financial has a twelve month low of $33.12 and a twelve month high of $58.59. The company has a market capitalization of $3.42 billion, a P/E ratio of 12.69 and a beta of 1.02. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46.
WSFS Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, August 9th. WSFS Financial’s payout ratio is currently 13.39%.
Insider Buying and Selling at WSFS Financial
Analyst Upgrades and Downgrades
Separately, Piper Sandler upped their price objective on WSFS Financial from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd.
Read Our Latest Report on WSFS Financial
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.
Recommended Stories
- Five stocks we like better than WSFS Financial
- How Investors Can Find the Best Cheap Dividend Stocks
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.