FY2025 EPS Estimate for WSFS Financial Reduced by Analyst

WSFS Financial Co. (NASDAQ:WSFS - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings estimates for shares of WSFS Financial in a research note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will earn $4.30 per share for the year, down from their prior forecast of $4.35. The consensus estimate for WSFS Financial's current full-year earnings is $4.27 per share.

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

Several other research analysts have also recently weighed in on the stock. 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, WSFS Financial has an average rating of "Hold" and an average target price of $59.75.

WSFS Financial Stock Up 1.5 %

NASDAQ WSFS traded up $0.80 during trading hours on Monday, reaching $53.70. 340,781 shares of the company's stock were exchanged, compared to its average volume of 279,905. 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 company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.26 and a beta of 1.06. The company's 50-day moving average is $55.61 and its two-hundred day moving average is $52.16. WSFS Financial has a one year low of $40.19 and a one year high of $62.75.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial's dividend payout ratio is 13.70%.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its holdings in WSFS Financial by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank's stock valued at $1,419,000 after buying an additional 200 shares in the last quarter. FMR LLC boosted its position in shares of WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank's stock valued at $218,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC grew its stake in shares of WSFS Financial by 41.8% in the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock valued at $74,000 after acquiring an additional 428 shares in the last quarter. Profund Advisors LLC increased its position in WSFS Financial by 9.4% during the second quarter. Profund Advisors LLC now owns 5,273 shares of the bank's stock worth $248,000 after acquiring an additional 452 shares during the period. Finally, International Assets Investment Management LLC raised 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 in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.