FY2025 EPS Estimate for WSFS Financial Boosted by Analyst

WSFS Financial Corporation (NASDAQ:WSFS - Free Report) - Equities researchers at DA Davidson upped their FY2025 earnings per share estimates for shares of WSFS Financial in a research report issued to clients and investors on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $4.90 for the year, up from their previous estimate of $4.80. The consensus estimate for WSFS Financial's current full-year earnings is $4.47 per share. DA Davidson also issued estimates for WSFS Financial's FY2026 earnings at $5.20 EPS.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reduced their price target on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Stephens restated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Wall Street Zen lowered WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.75.

WSFS Financial Trading Up 1.4%

Shares of NASDAQ WSFS traded up $0.82 during midday trading on Wednesday, hitting $59.05. The stock had a trading volume of 233,303 shares, compared to its average volume of 313,756. WSFS Financial has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $3.35 billion, a P/E ratio of 13.27 and a beta of 0.87. The company's 50-day simple moving average is $53.66 and its 200 day simple moving average is $52.98.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $256.11 million during the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV lifted its holdings in WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock worth $160,000 after acquiring an additional 196 shares in the last quarter. Natixis Advisors LLC lifted its holdings in WSFS Financial by 1.5% during the first quarter. Natixis Advisors LLC now owns 14,088 shares of the bank's stock worth $731,000 after acquiring an additional 204 shares in the last quarter. Xponance Inc. lifted its holdings in WSFS Financial by 4.9% during the first quarter. Xponance Inc. now owns 4,439 shares of the bank's stock worth $230,000 after acquiring an additional 209 shares in the last quarter. Mariner LLC lifted its holdings in WSFS Financial by 5.1% during the fourth quarter. Mariner LLC now owns 4,457 shares of the bank's stock worth $237,000 after acquiring an additional 215 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock worth $28,000 after acquiring an additional 252 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.15%. WSFS Financial's payout ratio is currently 15.28%.

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.