DA Davidson Reduces Earnings Estimates for WSFS Financial

WSFS Financial Co. (NASDAQ:WSFS) – Stock analysts at DA Davidson decreased their FY2025 earnings estimates for WSFS Financial in a research report issued to clients and 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 estimate of $4.35. The consensus estimate for WSFS Financial’s current full-year earnings is $4.27 per share.

A number of other equities analysts have also recently issued reports on the stock. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods reissued 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, October 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, WSFS Financial has an average rating of “Hold” and a consensus target price of $59.75.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS opened at $53.70 on Monday. WSFS Financial has a one year low of $40.19 and a one year high of $62.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $55.61 and a 200 day simple moving average of $52.16. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.26 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS.

Hedge Funds Weigh In On WSFS Financial

Several institutional investors have recently added to or reduced their stakes in WSFS. International Assets Investment Management LLC increased its holdings 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 worth $47,000 after buying an additional 900 shares in the last quarter. GAMMA Investing LLC grew its position in WSFS Financial by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock worth $74,000 after acquiring an additional 428 shares during the last quarter. Innealta Capital LLC acquired a new stake in WSFS Financial during the 2nd quarter valued at $114,000. SG Americas Securities LLC bought a new position in WSFS Financial in the 3rd quarter valued at $127,000. Finally, Ascent Group LLC acquired a new position in WSFS Financial in the second quarter worth $201,000. 88.49% of the stock is owned by institutional investors.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s dividend payout ratio (DPR) is currently 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.