FY2024 EPS Estimates for WSFS Financial Raised by Analyst

WSFS Financial Co. (NASDAQ:WSFS - Free Report) - DA Davidson boosted their FY2024 EPS estimates for shares of WSFS Financial in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $4.35 for the year, up from their previous estimate of $4.33. DA Davidson currently has a "Buy" rating and a $68.00 target price on the stock. The consensus estimate for WSFS Financial's current full-year earnings is $4.31 per share. DA Davidson also issued estimates for WSFS Financial's FY2025 earnings at $4.40 EPS.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The business had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. During the same period in the previous year, the firm posted $1.23 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Stephens boosted their price objective on shares of WSFS Financial from $54.00 to $62.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. Piper Sandler raised their target price on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $53.00 to $61.00 and gave the company a "market perform" rating in a research note on Monday, July 29th.

WSFS Financial Trading Down 3.2 %

WSFS stock traded down $1.63 during midday trading on Friday, hitting $49.10. The company had a trading volume of 280,864 shares, compared to its average volume of 271,107. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46. WSFS Financial has a 52 week low of $33.69 and a 52 week high of $58.59. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 10.86 and a beta of 1.01. The stock's 50 day moving average price is $51.45 and its 200 day moving average price is $48.53.

Institutional Trading of WSFS Financial

A number of large investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC purchased a new stake in WSFS Financial in the 1st quarter worth approximately $45,000. International Assets Investment Management LLC boosted its stake in WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock worth $47,000 after purchasing an additional 900 shares during the period. GAMMA Investing LLC grew its holdings in WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank's stock valued at $48,000 after buying an additional 295 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of WSFS Financial during the second quarter valued at approximately $114,000. Finally, SG Americas Securities LLC bought a new position in shares of WSFS Financial during the third quarter worth $127,000. 88.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WSFS Financial

In other news, EVP Stephen P. Clark sold 12,663 shares of the company's stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total value of $715,712.76. Following the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,450,924.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.29% of the stock is owned by company insiders.

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.