WSFS Financial Co. (NASDAQ:WSFS - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for WSFS Financial in a report released on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $4.30 for the year, down from their prior estimate of $4.35. The consensus estimate for WSFS Financial's current full-year earnings is $4.27 per share.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. The firm had revenue of $267.61 million for 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%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS.
A number of other research firms also recently issued reports on WSFS. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $54.00 price target (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $59.75.
Check Out Our Latest Analysis on WSFS Financial
Shares of WSFS Financial stock opened at $52.90 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 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. The firm has a market cap of $3.12 billion, a PE ratio of 12.08 and a beta of 1.06. The company has a 50 day simple moving average of $55.56 and a two-hundred day simple moving average of $52.09.
Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB boosted its holdings in WSFS Financial by 18.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 57,558 shares of the bank's stock valued at $2,935,000 after acquiring an additional 8,763 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of WSFS Financial by 100.8% during the third quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank's stock valued at $657,000 after purchasing an additional 6,466 shares during the period. Barclays PLC increased its stake in shares of WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock worth $6,139,000 after buying an additional 63,284 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in WSFS Financial during the 3rd quarter valued at $235,000. Finally, Jane Street Group LLC raised its holdings in WSFS Financial by 47.9% during the 3rd quarter. Jane Street Group LLC now owns 114,154 shares of the bank's stock valued at $5,821,000 after buying an additional 36,990 shares during the last quarter. 88.49% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 1.13%. WSFS Financial's payout ratio is 13.70%.
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.
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