WSFS Financial (NASDAQ:WSFS) Issues Quarterly Earnings Results

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

WSFS Financial Trading Up 1.8 %

Shares of NASDAQ WSFS traded up $0.95 during mid-day trading on Monday, reaching $54.79. 268,052 shares of the company’s stock were exchanged, compared to its average volume of 274,138. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 12.51 and a beta of 1.08. WSFS Financial has a 52-week low of $40.19 and a 52-week high of $62.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The company’s 50-day moving average is $55.81 and its 200-day moving average is $53.52.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WSFS. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.