Analysts Set Expectations for WSFS Financial Q4 Earnings

WSFS Financial Co. (NASDAQ:WSFS) – DA Davidson issued their Q4 2024 EPS estimates for shares of WSFS Financial in a report released on Tuesday, October 29th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $0.91 for the quarter. DA Davidson has a “Buy” rating and a $68.00 price objective on the stock. The consensus estimate for WSFS Financial’s current full-year earnings is $4.27 per share. DA Davidson also issued estimates for WSFS Financial’s FY2025 earnings at $4.35 EPS.

Other equities research analysts also recently issued reports about the stock. Piper Sandler increased their price objective on shares of WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens lifted their price target on WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.75.

WSFS Financial Stock Up 1.0 %

WSFS stock opened at $49.64 on Thursday. The company’s 50 day moving average price is $51.30 and its 200 day moving average price is $48.71. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.33 and a beta of 1.01. WSFS Financial has a fifty-two week low of $35.09 and a fifty-two week high of $58.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86.

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

Hedge Funds Weigh In On WSFS Financial

Hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position 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. Diversified Trust Co boosted its holdings in shares of WSFS Financial by 2.0% in the second quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock valued at $535,000 after acquiring an additional 225 shares during the period. GAMMA Investing LLC grew its position in shares of WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after acquiring an additional 295 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of WSFS Financial by 9.4% in the 2nd quarter. Profund Advisors LLC now owns 5,273 shares of the bank’s stock valued at $248,000 after acquiring an additional 452 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in WSFS Financial by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank’s stock worth $2,392,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. WSFS Financial’s dividend payout ratio (DPR) is presently 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.