WSFS Financial (NASDAQ:WSFS – Get Free Report) announced earnings on July 25th. The bank reported earnings of $1.08 per share (EPS), exceeding the expected $1.04. Revenue was $266 million, higher than the anticipated $254.48 million. The bank’s return on equity was 11.47%, with a net margin of 20.04%, and revenue increased by 7% year over year. Analysts anticipate earnings of $4 EPS for both this fiscal year and the next.
WSFS Financial’s Stock Performance
WSFS Financial shares opened at $52.30. The market cap is $3.10 billion, with a PE ratio of 11.57. The stock has a 50-day moving average of $51.28 and a 200-day average of $48.18, with a low of $33.12 and a high of $58.59 over the past year.
Dividend Announcement
WSFS recently paid a quarterly dividend of $0.15 per share on August 23rd to shareholders recorded on August 9th, resulting in an annualized dividend of $0.60, yielding 1.15%. The dividend payout ratio is 13.27%.
Analyst Price Targets
Analysts have adjusted their recommendations for WSFS: DA Davidson raised its target from $59 to $68, while Keefe, Bruyette & Woods increased theirs from $53 to $61. Piper Sandler set a target of $55, and Stephens raised it from $54 to $62.
Insider Activity
EVP Stephen P. Clark sold 12,663 shares on July 30th at an average price of $56.52, totaling approximately $715,712.76. He now owns 25,671 shares valued at about $1.45 million. Insiders hold 1.21% of the company.
About WSFS Financial
WSFS Financial Corporation is a savings and loan holding company providing various banking services in the U.S. through WSFS Bank, Cash Connect, and Wealth Management. It offers products like savings accounts, deposits, and certificates of deposit.
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