FY2025 EPS Estimates for WSFS Financial Cut by DA Davidson

WSFS Financial Co. (NASDAQ:WSFS) – Investment analysts at DA Davidson reduced their FY2025 earnings estimates for WSFS Financial in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $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) 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. The company had revenue of $267.61 million during the quarter, compared to analysts’ expectations of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. WSFS Financial’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share.

A number of other research analysts have also recently issued reports on WSFS. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 price target (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Trading Up 0.5 %

Shares of 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 company has a market cap of $3.18 billion, a price-to-earnings ratio of 12.32 and a beta of 1.06. The stock has a fifty day moving average price of $55.66 and a two-hundred day moving average price 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 company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, November 8th. WSFS Financial’s dividend payout ratio is 13.70%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in shares of 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 purchasing an additional 200 shares during the period. Innealta Capital LLC acquired a new position in WSFS Financial in the second quarter valued at about $114,000. Hantz Financial Services Inc. bought a new position in WSFS Financial during the second quarter worth about $2,664,000. Victory Capital Management Inc. grew its position in shares of WSFS Financial by 3.9% during the 2nd quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank’s stock worth $1,323,000 after buying an additional 1,056 shares during the period. Finally, Great Lakes Advisors LLC increased its stake in shares of WSFS Financial by 7.0% in the 2nd quarter. Great Lakes Advisors LLC now owns 60,595 shares of the bank’s stock valued at $2,848,000 after acquiring 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.