WSFS Financial (NASDAQ:WSFS) Issues Earnings Results

WSFS Financial (NASDAQ:WSFS) posted its quarterly earnings results on Monday. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13, Zacks reports. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $54.79 on Tuesday. The company has a 50-day moving average of $55.75 and a 200-day moving average of $53.56. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 12.51 and a beta of 1.08. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial has a twelve month low of $40.19 and a twelve month high of $62.75.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. WSFS Financial’s payout ratio is currently 13.70%.

Analyst Upgrades and Downgrades

WSFS has been the topic of a number of analyst reports. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, WSFS Financial currently has an average rating of “Hold” and an average price target of $59.75.

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.