WSFS Financial (WSFS) to Release Quarterly Earnings on Thursday

WSFS Financial (NASDAQ:WSFS - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Friday, January 26th. The bank reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.07. The company had revenue of $265.33 million for the quarter, compared to the consensus estimate of $247.56 million. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share. 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 Price Performance

Shares of NASDAQ:WSFS traded up $0.11 during mid-day trading on Thursday, reaching $41.85. The stock had a trading volume of 226,093 shares, compared to its average volume of 277,867. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.51 billion, a P/E ratio of 9.51 and a beta of 1.03. WSFS Financial has a 1 year low of $29.59 and a 1 year high of $47.97. The business's 50 day moving average price is $42.89 and its 200 day moving average price is $41.62.

Insider Buying and Selling

In related news, EVP Arthur J. Bacci sold 15,992 shares of the business's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the sale, the executive vice president now directly owns 20,990 shares in the company, valued at $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On WSFS Financial

Several large investors have recently added to or reduced their stakes in WSFS. Quarry LP bought a new stake in WSFS Financial during the first quarter worth approximately $36,000. International Assets Investment Management LLC increased its stake in WSFS Financial by 1,032.9% during the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank's stock worth $38,000 after acquiring an additional 754 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in WSFS Financial by 146.3% during the third quarter. Tower Research Capital LLC TRC now owns 2,549 shares of the bank's stock worth $93,000 after acquiring an additional 1,514 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in WSFS Financial during the second quarter worth approximately $152,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of WSFS Financial during the first quarter valued at approximately $167,000. 88.49% of the stock is owned by institutional investors.

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.