DA Davidson Comments on WSFS Financial Q1 Earnings

WSFS Financial Co. (NASDAQ:WSFS) – Equities research analysts at DA Davidson issued their Q1 2025 EPS estimates for WSFS Financial in a research report issued to clients and investors on Thursday, January 30th. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $1.09 per share for the quarter. The consensus estimate for WSFS Financial’s current full-year earnings is $4.23 per share.

Several other equities analysts have also issued reports on the company. Stephens reiterated an “overweight” rating and issued a $68.00 price target on shares of WSFS Financial in a research note on Tuesday. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $54.00 price target (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 company’s stock. According to MarketBeat.com, WSFS Financial currently has an average rating of “Hold” and a consensus price target of $61.25.

WSFS Financial Trading Up 0.7 %

Shares of WSFS Financial stock opened at $56.00 on Friday. The firm’s 50-day moving average price is $55.51 and its two-hundred day moving average price is $53.67. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 12.67 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. WSFS Financial has a 12-month low of $40.19 and a 12-month high of $62.75.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of WSFS Financial by 3.0% in the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock valued at $154,519,000 after acquiring an additional 87,781 shares in the last quarter. Champlain Investment Partners LLC raised its stake in WSFS Financial by 1.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,299,998 shares of the bank’s stock worth $66,287,000 after buying an additional 14,792 shares during the period. abrdn plc boosted its holdings in WSFS Financial by 1.0% in the third quarter. abrdn plc now owns 620,808 shares of the bank’s stock worth $31,655,000 after acquiring an additional 6,380 shares in the last quarter. Principal Financial Group Inc. grew its stake in WSFS Financial by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock valued at $16,856,000 after acquiring an additional 10,915 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of WSFS Financial by 1.5% during the third quarter. Eagle Asset Management Inc. now owns 255,452 shares of the bank’s stock valued at $14,295,000 after acquiring an additional 3,861 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.57%.

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.