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WSFS

WSFS FinancialNasdaqGS:WSFS Stock Report

Market Cap

US$2.5b

7D

-1.6%

1Y

64.8%

Updated

25 Oct, 2021

Data

Company Financials +
WSFS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends4/6

WSFS Overview

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.

WSFS Financial Competitors

Flagstar Bancorp

NYSE:FBC

US$2.9b

Washington Federal

NasdaqGS:WAFD

US$2.3b

Provident Financial Services

NYSE:PFS

US$1.9b

Northwest Bancshares

NasdaqGS:NWBI

US$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for WSFS Financial
Historical stock prices
Current Share PriceUS$52.95
52 Week HighUS$29.44
52 Week LowUS$56.08
Beta1.22
1 Month Change12.37%
3 Month Change22.15%
1 Year Change64.80%
3 Year Change22.46%
5 Year Change51.07%
Change since IPO2,018.00%

Recent News & Updates

Shareholder Returns

WSFSUS MortgageUS Market
7D-1.6%0.6%1.9%
1Y64.8%21.4%33.4%

Return vs Industry: WSFS exceeded the US Mortgage industry which returned 17.8% over the past year.

Return vs Market: WSFS exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is WSFS's price volatile compared to industry and market?
WSFS volatility
WSFS Beta1.22
Industry Beta1.1
Market Beta1

Stable Share Price: WSFS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WSFS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18321,851Rodger Levensonhttps://www.wsfsbank.com

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.

WSFS Financial Fundamentals Summary

How do WSFS Financial's earnings and revenue compare to its market cap?
WSFS fundamental statistics
Market CapUS$2.52b
Earnings (TTM)US$274.97m
Revenue (TTM)US$744.48m

9.2x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WSFS income statement (TTM)
RevenueUS$744.48m
Cost of RevenueUS$0
Gross ProfitUS$744.48m
ExpensesUS$469.51m
EarningsUS$274.97m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.78
Gross Margin100.00%
Net Profit Margin36.93%
Debt/Equity Ratio12.4%

How did WSFS perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

9%

Payout Ratio

Does WSFS pay a reliable dividends?

See WSFS dividend history and benchmarks
When do you need to buy WSFS by to receive an upcoming dividend?
WSFS Financial dividend dates
Ex Dividend DateNov 03 2021
Dividend Pay DateNov 18 2021
Days until Ex dividend8 days
Days until Dividend pay date23 days

Does WSFS pay a reliable dividends?

See WSFS dividend history and benchmarks

Valuation

Is WSFS Financial undervalued compared to its fair value and its price relative to the market?

37.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WSFS ($52.95) is trading below our estimate of fair value ($84.73)

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 (9.2x) compared to the US Mortgage industry average (12x).

PE vs Market: WSFS is good value based on its PE Ratio (9.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: WSFS is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: WSFS is overvalued based on its PB Ratio (1.3x) compared to the US Mortgage industry average (1.1x).


Future Growth

How is WSFS Financial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSFS's forecast earnings growth (10.9% per year) is above the savings rate (2%).

Earnings vs Market: WSFS's earnings (10.9% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: WSFS's earnings are forecast to grow, but not significantly.

Revenue vs Market: WSFS's revenue (3.4% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: WSFS's revenue (3.4% per year) is forecast to grow slower than 20% 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 (10.4%).


Past Performance

How has WSFS Financial performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WSFS has high quality earnings.

Growing Profit Margin: WSFS's current net profit margins (36.9%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: WSFS's earnings have grown significantly by 27.2% per year over the past 5 years.

Accelerating Growth: WSFS's earnings growth over the past year (173.2%) exceeds its 5-year average (27.2% per year).

Earnings vs Industry: WSFS earnings growth over the past year (173.2%) exceeded the Mortgage industry 39.3%.


Return on Equity

High ROE: WSFS's Return on Equity (14.4%) is considered low.


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 Assets to Equity ratio (8.1x) is low.

Allowance for Bad Loans: WSFS has a sufficient allowance for bad loans (339%).

Low Risk Liabilities: 95% of WSFS's liabilities are made up of primarily low risk sources of funding.

Loan Level: WSFS has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: WSFS's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: WSFS has an appropriate level of bad loans (0.5%).


Dividend

What is WSFS Financial current dividend yield, its reliability and sustainability?

0.98%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 26 2021Ex Dividend DateNov 03 2021Dividend Pay DateNov 18 202115 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WSFS's dividend (0.98%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: WSFS's dividend (0.98%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 (8.8%), WSFS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WSFS's dividends in 3 years are forecast to be thoroughly covered by earnings (13.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Rodger Levenson (60 yo)

2.75yrs

Tenure

US$2,563,402

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 ($USD2.56M) is below average for companies of similar size in the US market ($USD5.18M).

Compensation vs Earnings: Rodger's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: WSFS's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: WSFS's board of directors are considered experienced (4.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

WSFS Financial Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: WSFS Financial Corporation
  • Ticker: WSFS
  • Exchange: NasdaqGS
  • Founded: 1832
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$2.518b
  • Shares outstanding: 47.55m
  • Website: https://www.wsfsbank.com

Number of Employees


Location

  • WSFS Financial Corporation
  • 500 Delaware Avenue
  • Wilmington
  • Delaware
  • 19801
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 23:11
End of Day Share Price2021/10/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.