FY2025 EPS Estimate for WSFS Financial Reduced by Analyst

WSFS Financial Co. (NASDAQ:WSFS) – Analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of WSFS Financial in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $4.30 for the year, down from their previous estimate of $4.35. The consensus estimate for WSFS Financial’s current full-year earnings is $4.27 per share.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The company had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. During the same period in the prior year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year.

WSFS has been the subject of several other research reports. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 target price (down from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.75.

WSFS Financial Price Performance

NASDAQ WSFS opened at $53.96 on Monday. 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 stock has a market cap of $3.18 billion, a price-to-earnings ratio of 12.32 and a beta of 1.06. The business has a 50 day simple moving average of $55.66 and a 200 day simple moving average of $52.23. WSFS Financial has a 52-week low of $40.19 and a 52-week high of $62.75.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. WSFS Financial’s dividend payout ratio is currently 13.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its position in WSFS Financial by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock worth $1,419,000 after buying an additional 200 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of WSFS Financial in the second quarter valued at about $114,000. Hantz Financial Services Inc. bought a new stake in WSFS Financial during the second quarter worth about $2,664,000. Victory Capital Management Inc. boosted its position in WSFS Financial by 3.9% during the second quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank’s stock valued at $1,323,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in WSFS Financial by 7.0% during the second quarter. Great Lakes Advisors LLC now owns 60,595 shares of the bank’s stock valued at $2,848,000 after purchasing an additional 3,942 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

About WSFS Financial

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.