DA Davidson Forecasts WSFS Financial Q1 Earnings

WSFS Financial Co. (NASDAQ:WSFS - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of WSFS Financial in a research report issued on Thursday, January 30th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $1.09 for the quarter. The consensus estimate for WSFS Financial's current full-year earnings is $4.40 per share.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%.

A number of other analysts also recently commented on the company. Janney Montgomery Scott reiterated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Stephens reaffirmed an "overweight" rating and set a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods upped their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, WSFS Financial has a consensus rating of "Hold" and a consensus target price of $64.75.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS traded up $1.54 during mid-day trading on Friday, hitting $57.04. The company had a trading volume of 98,894 shares, compared to its average volume of 264,545. WSFS Financial has a 12 month low of $40.19 and a 12 month high of $62.75. The firm has a market cap of $3.36 billion, a P/E ratio of 12.89 and a beta of 1.08. The business's 50-day simple moving average is $55.40 and its 200-day simple moving average is $53.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

Institutional Investors Weigh In On WSFS Financial

Hedge funds have recently made changes to their positions in the company. Handelsbanken Fonder AB grew its stake in WSFS Financial by 11.4% during the fourth quarter. Handelsbanken Fonder AB now owns 13,705 shares of the bank's stock worth $728,000 after buying an additional 1,400 shares during the last quarter. New York State Common Retirement Fund increased its holdings in WSFS Financial by 3.0% during the 4th quarter. New York State Common Retirement Fund now owns 250,058 shares of the bank's stock valued at $13,286,000 after purchasing an additional 7,293 shares in the last quarter. Principal Financial Group Inc. raised its position in WSFS Financial by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock valued at $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in WSFS Financial by 10.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,926 shares of the bank's stock valued at $12,110,000 after purchasing an additional 21,990 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in WSFS Financial by 2.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock worth $3,142,000 after purchasing an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. WSFS Financial's dividend payout ratio is presently 13.57%.

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.