WSFS Financial Corporation (WSFS) Releases Earnings Results, Beats Expectations By $0.02 EPS

WSFS Financial Corporation (WSFS) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.51. The company posted revenue of $45.36 million in the period, compared to analysts expectations of $45.04 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.

WSFS Financial Corporation opened for trading at $34.46 and hit $34.67 on the upside on Wednesday, eventually ending the session at $34.56, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 58,260 shares. Company has a market cap of $1,026 M.

In a different news, on Feb 23, 2016, Peggy H Eddens (EVP) sold 10,758 shares at $28.13 per share price. According to the SEC, on Feb 8, 2016, Thomas W Kearney (Executive Vice President) sold 5,415 shares at $28.36 per share price. On Dec 11, 2015, Paul D Geraghty (EVP) sold 10,134 shares at $33.30 per share price, according to the Form-4 filing with the securities and exchange commission.

WSFS Financial Corporation is a financial services company. The Company’s subsidiary is Wilmington Savings Fund Society FSB (WSFS Bank or the Bank) which is the bank and trust company in the United States. The Company operates in three segments: WSFS Bank Cash Connect and Trust and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. Cash Connect provides turnkey ATM services through strategic partnerships with several of the network manufacturers and service providers in the ATM industry. The Trust and Wealth Management segment provides an array of fiduciary investment management credit and deposit products to clients. It also offers variety of consumer loan products retail securities and insurance brokerage services through its retail branches and mortgage and title services through those branches and through Pennsylvania-based Array Financial Group Inc. and Arrow Land Transfer Company.

WSFS Financial Corporation

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