DA Davidson Predicts WSFS Financial Q4 Earnings

WSFS Financial Co. (NASDAQ:WSFS - Free Report) - Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of WSFS Financial in a research note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.91 for the quarter. DA Davidson has a "Buy" rating and a $68.00 price objective on the stock. The consensus estimate for WSFS Financial's current full-year earnings is $4.32 per share. DA Davidson also issued estimates for WSFS Financial's FY2025 earnings at $4.35 EPS.

Several other equities research analysts have also recently issued reports on WSFS. Stephens lifted 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. Janney Montgomery Scott restated a "neutral" rating on shares of WSFS Financial in a research report on Monday. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday. Finally, Piper Sandler boosted their price target 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.75.

WSFS Financial Price Performance

NASDAQ:WSFS traded down $0.83 during trading hours on Thursday, hitting $49.17. 187,369 shares of the stock traded hands, compared to its average volume of 270,066. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial has a 1 year low of $34.54 and a 1 year high of $58.59. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 11.23 and a beta of 1.01. The stock has a 50 day moving average price of $51.35 and a 200 day moving average price of $48.71.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. The firm had revenue of $267.61 million during the quarter, compared to analyst estimates of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lansing Street Advisors purchased a new stake in shares of WSFS Financial during the third quarter valued at $207,000. Stephens Inc. AR purchased a new stake in shares of WSFS Financial during the third quarter valued at $209,000. abrdn plc boosted its stake in shares of WSFS Financial by 1.0% during the third quarter. abrdn plc now owns 620,808 shares of the bank's stock valued at $31,655,000 after purchasing an additional 6,380 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of WSFS Financial during the third quarter valued at $1,412,000. Finally, International Assets Investment Management LLC boosted its stake in shares of WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock valued at $47,000 after purchasing an additional 900 shares during the period. Institutional investors own 88.49% of the company's stock.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, November 8th. WSFS Financial's dividend payout ratio (DPR) is 13.70%.

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.