WSFS Financial (NASDAQ:WSFS) Issues Quarterly Earnings Results

WSFS Financial (NASDAQ:WSFS) issued its quarterly earnings data on Thursday. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04, Briefing.com reports. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The business had revenue of $251.10 million during the quarter, compared to analysts’ expectations of $247.57 million. During the same quarter in the previous year, the company earned $1.02 EPS. The business’s revenue was up 2.2% on a year-over-year basis.

WSFS Financial Price Performance

NASDAQ:WSFS traded down $1.68 during trading hours on Friday, reaching $42.85. 294,322 shares of the company were exchanged, compared to its average volume of 278,552. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. WSFS Financial has a 1-year low of $29.59 and a 1-year high of $47.97. The company has a market capitalization of $2.57 billion, a P/E ratio of 9.75 and a beta of 1.03. The business has a 50 day moving average of $43.10 and a 200 day moving average of $41.90.

Insider Activity at WSFS Financial

In other news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.79, for a total transaction of $748,265.68. Following the completion of the sale, the executive vice president now owns 20,990 shares of the company’s stock, valued at approximately $982,122.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.29% of the stock is owned by insiders.

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.