WSFS Financial
Market Cap
US$1.3b
Last Updated
2020/04/07 06:23 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.9% per year for the next 3 years
Shareholders have been substantially diluted in the past year
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has WSFS Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WSFS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
WSFS
-13.0%
US Mortgage
-2.6%
US Market
1 Year Return
-39.1%
WSFS
-36.4%
US Mortgage
-13.3%
US Market
Return vs Industry: WSFS underperformed the US Mortgage industry which returned -36.4% over the past year.
Return vs Market: WSFS underperformed the US Market which returned -13.3% over the past year.
Shareholder returns
| WSFS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -13.0% | -2.6% |
| 30 Day | -27.0% | -36.1% | -15.2% |
| 90 Day | -42.1% | -41.2% | -22.2% |
| 1 Year | -38.4%-39.1% | -34.9%-36.4% | -11.5%-13.3% |
| 3 Year | -45.1%-46.6% | -28.7%-33.7% | 13.2%5.7% |
| 5 Year | 5.6%1.3% | -11.1%-20.9% | 31.8%17.2% |
Price Volatility Vs. Market
How volatile is WSFS Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
What Is WSFS Financial's (NASDAQ:WSFS) P/E Ratio After Its Share Price Tanked?3 weeks ago | Simply Wall St
How Does WSFS Financial's (NASDAQ:WSFS) P/E Compare To Its Industry, After The Share Price Drop?1 month ago | Simply Wall St
What You Must Know About WSFS Financial Corporation's (NASDAQ:WSFS) Beta ValueValuation
Is WSFS Financial undervalued compared to its fair value and its price relative to the market?
49.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WSFS ($24.79) is trading below our estimate of fair value ($48.85)
Significantly Below Fair Value: WSFS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WSFS is good value based on its PE Ratio (8.2x) compared to the Mortgage industry average (10.3x).
PE vs Market: WSFS is good value based on its PE Ratio (8.2x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: WSFS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WSFS is good value based on its PB Ratio (0.7x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is WSFS Financial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-0.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSFS's earnings are forecast to decline over the next 3 years (-0.9% per year).
Earnings vs Market: WSFS's earnings are forecast to decline over the next 3 years (-0.9% per year).
High Growth Earnings: WSFS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WSFS's revenue is expected to decline over the next 3 years (-16.8% per year).
High Growth Revenue: WSFS's revenue is forecast to decline over the next 3 years (-16.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WSFS's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has WSFS Financial performed over the past 5 years?
22.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WSFS has a large one-off loss of $71.4M impacting its December 31 2019 financial results.
Growing Profit Margin: WSFS's current net profit margins (24.5%) are lower than last year (34%).
Past Earnings Growth Analysis
Earnings Trend: WSFS's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: WSFS's earnings growth over the past year (10.4%) is below its 5-year average (22.5% per year).
Earnings vs Industry: WSFS earnings growth over the past year (10.4%) underperformed the Mortgage industry 10.9%.
Return on Equity
High ROE: WSFS's Return on Equity (8%) is considered low.
Next Steps
Financial Health
How is WSFS Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: WSFS's level of assets compared to its equity is low.
Allowance for Bad Loans: WSFS has a sufficient allowance for bad loans.
Low Risk Liabilities: WSFS's liabilities are made up of primarily low risk sources of funding.
Loan Level: WSFS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WSFS's loans are broadly funded by customer deposits.
Level of Bad Loans: WSFS has an appropriate level of bad loans (0.44%)
Next Steps
Dividend
What is WSFS Financial's current dividend yield, its reliability and sustainability?
1.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WSFS's dividend (1.94%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: WSFS's dividend (1.94%) is low compared to the top 25% of dividend payers in the US market (5.66%).
Stability and Growth of Payments
Stable Dividend: WSFS's dividends per share have been stable in the past 10 years.
Growing Dividend: WSFS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.6%), WSFS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSFS's dividends in 3 years are forecast to be well covered by earnings (16.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Rodger Levenson (58yo)
1.25s
Tenure
US$1,902,592
Compensation
Mr. Rodger Levenson has been the Chief Executive Officer, President and Director of WSFS Financial Corp. since January 1, 2019 and Chairman of the Board since January 1, 2020. Mr. Levenson is Chief Executi ...
CEO Compensation Analysis
Compensation vs Market: Rodger's total compensation ($USD1.90M) is below average for companies of similar size in the US market ($USD4.74M).
Compensation vs Earnings: Rodger's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.25yrs | US$1.90m | 0.12% $1.6m | |
| Executive VP & CFO | 3.83yrs | US$1.00m | 0.016% $200.1k | |
| Executive VP & Chief Retail Banking Officer | 14.08yrs | US$956.05k | 0.097% $1.2m | |
| Executive VP and Chief Associate & Customer Experience Officer | 12.67yrs | US$956.42k | 0.10% $1.3m | |
| Chief Commercial Banking Officer & Executive VP | 5.08yrs | US$937.88k | 0.022% $273.1k | |
| Executive VP | 3.67yrs | no data | 0.24% $3.0m | |
| Senior VP & Chief Accounting Officer | no data | no data | no data | |
| Executive VP & CTO | 1.92yrs | no data | 0.027% $336.8k | |
| Senior VP & Chief Legal Officer | 0.50yr | no data | no data | |
| Senior VP & Chief Marketing Officer | no data | no data | no data |
3.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: WSFS's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.25yrs | US$1.90m | 0.12% $1.6m | |
| Executive VP | 3.67yrs | no data | 0.24% $3.0m | |
| Director | 30.25yrs | US$107.83k | 0.060% $754.9k | |
| Director | 13yrs | US$1.34m | 0.34% $4.3m | |
| Independent Director | 10yrs | US$111.08k | 0.038% $486.1k | |
| Independent Director | 7.17yrs | US$115.58k | 0.029% $371.1k | |
| Lead Independent Director | 3.67yrs | US$151.08k | 0.026% $322.5k | |
| Independent Director | 6yrs | US$103.58k | 0.019% $246.1k | |
| Independent Director | 11.25yrs | US$94.83k | 0.039% $493.8k | |
| Independent Director | 2.83yrs | US$123.71k | 0.0078% $99.0k |
6.6yrs
Average Tenure
55.5yo
Average Age
Experienced Board: WSFS's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 56.2%.
Top Shareholders
Company Information
WSFS Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: WSFS Financial Corporation
- Ticker: WSFS
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$1.263b
- Shares outstanding: 50.96m
- Website: https://www.wsfsbank.com
Number of Employees
Location
- WSFS Financial Corporation
- 500 Delaware Avenue
- Wilmington
- Delaware
- 19801
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WSFS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Nov 1986 |
Biography
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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit. It also provides a range of loans, which comprise residential real estate loans; commercial real estate mortgage loans; commercial construction loans to developers; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement, automobile, and other secured and unsecured personal installment loans, as well as home equity lines and unsecured lines of credit. In addition, the company offers cash management, trust, and wealth management services. Further, it markets various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; provides investment advisory services to high net worth individuals and institutions; and offers mortgage and title services. Additionally, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering, armored carrier management, and ATM processing equipment sales, and deposit safe cash logistics services. As of March 1, 2019, it operated 76 offices, including 45 in Delaware, 29 in Pennsylvania, 1 in Virginia, and 1 in Nevada. WSFS Financial Corporation was founded in 1988 and is headquartered in Wilmington, Delaware.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 06:23 |
| End of Day Share Price | 2020/04/06 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.