DA Davidson Forecasts Stronger Earnings for WSFS Financial

WSFS Financial Co. (NASDAQ:WSFS) – Equities researchers at DA Davidson increased their FY2025 earnings per share (EPS) estimates for WSFS Financial in a research report issued on Thursday, January 30th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $4.70 for the year, up from their prior forecast of $4.30. The consensus estimate for WSFS Financial’s current full-year earnings is $4.40 per share. DA Davidson also issued estimates for WSFS Financial’s FY2026 earnings at $5.00 EPS.

A number of other equities analysts have also recently weighed in on the company. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.75.

WSFS Financial Trading Up 3.1 %

Shares of WSFS Financial stock opened at $57.22 on Monday. The business has a 50 day moving average price of $55.34 and a 200 day moving average price of $53.67. The company has a market capitalization of $3.37 billion, a P/E ratio of 12.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial has a 1 year low of $40.19 and a 1 year 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 Investors Weigh In On WSFS Financial

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its holdings in shares of WSFS Financial by 265.1% in the 2nd quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank’s stock worth $1,117,000 after purchasing an additional 17,254 shares during the period. Algert Global LLC acquired a new position in WSFS Financial during the second quarter valued at approximately $285,000. Sanctuary Advisors LLC purchased a new stake in WSFS Financial during the second quarter worth approximately $275,000. SG Americas Securities LLC acquired a new stake in shares of WSFS Financial in the third quarter worth $127,000. Finally, Handelsbanken Fonder AB raised its stake in shares of WSFS Financial by 9.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,305 shares of the bank’s stock valued at $627,000 after acquiring an additional 1,100 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.05%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.57%.

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.