WSFS Financial (WSFS) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS
WSFS Financial (NASDAQ:WSFS) announced its quarterly earnings data on Monday. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04, Bloomberg Earnings reports. WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. The firm had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $57.89 million. During the same period last year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis.
WSFS Financial (WSFS) opened at $50.45 on Tuesday. The company has a market capitalization of $1,580.00, a price-to-earnings ratio of 20.85, a PEG ratio of 1.62 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial has a fifty-two week low of $42.45 and a fifty-two week high of $52.50.
Several equities analysts recently issued reports on the company. BidaskClub cut WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of WSFS Financial in a research note on Tuesday, October 24th. Zacks Investment Research cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 30th. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. Finally, ValuEngine cut WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. WSFS Financial currently has a consensus rating of “Hold” and an average target price of $52.50.
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WSFS Financial Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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