DA Davidson Comments on WSFS Financial Q4 Earnings

WSFS Financial Co. (NASDAQ:WSFS) – Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for WSFS Financial in a research report issued on Tuesday, October 29th. DA Davidson analyst M. Navas expects that the bank will post earnings of $0.91 per share for the quarter. DA Davidson currently has a “Buy” rating and a $68.00 target price on the stock. The consensus estimate for WSFS Financial’s current full-year earnings is $4.32 per share. DA Davidson also issued estimates for WSFS Financial’s FY2025 earnings at $4.35 EPS.

WSFS has been the topic of a number of other reports. Stephens lifted their price target on shares of WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, July 29th. 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 report on Tuesday. Piper Sandler boosted their target price on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, WSFS Financial presently has an average rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Price Performance

WSFS stock opened at $49.17 on Thursday. 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’s fifty day moving average price is $51.35 and its 200-day moving average price is $48.71. WSFS Financial has a one year low of $34.54 and a one year high of $58.59. The company has a market capitalization of $2.91 billion, a PE ratio of 11.23 and a beta of 1.01.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping 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 company had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. During the same period in the previous year, the firm earned $1.23 EPS. The firm’s revenue was up .6% compared to the same quarter last year.

Institutional Investors Weigh In On WSFS Financial

Several institutional investors have recently modified their holdings of WSFS. Lansing Street Advisors bought a new position in shares of WSFS Financial during the 3rd quarter valued at approximately $207,000. Stephens Inc. AR purchased a new position in WSFS Financial during the third quarter worth $209,000. abrdn plc increased its position in WSFS Financial by 1.0% during the third quarter. abrdn plc now owns 620,808 shares of the bank’s stock valued at $31,655,000 after acquiring an additional 6,380 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of WSFS Financial in the third quarter valued at $1,412,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 900 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

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.