WSFS Financial Corporation (NASDAQ:WSFS) is reporting third quarter earnings results on Thursday 22nd October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.72 per share.
For the full year, analysts predict revenues of $ 461.33 million, while looking forward to income of $ 1.09 per share.
Previous Quarter Performance
WSFS Financial Corporation communicated loss for the second quarter of $ 0.46 per share, from the revenue of $ 108.92 million. Street analysts expected WSFS Financial Corporation to report income of $ 0.46 per share on revenue of $ 107.89 million for the second quarter. The bottom line results missed street analysts by $ 0.92 or 200 percent, at the same time, top line results outshined analysts by $ 1.03 million or 0.95 percent.
Stock Performance
Shares of WSFS Financial Corporation traded up $ 0.51 or 1.71 percent on Wednesday, reaching $ 30.39 with volume of 190.00 thousand shares. WSFS Financial Corporation has traded high as $ 30.51 and has cracked $ 30.01 on the downward trend
The closing price of $ 30.39, representing a 67.49 % increase from the 52 week low of $ 17.84 and a 33.89 % decrease over the 52 week high of $ 45.20.
The company has a market capital of $ 1.52 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 33.00 target price.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on August 6, 2020, with payment date of August 20, 2020 and ex-dividend date on August 5, 2020.
Conference Call
WSFS Financial Corporation will be hosting a conference call at 1:00 PM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wsfsbank.com
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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
