NasdaqGS:WSFS

Stock Analysis Report

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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. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: WSFS's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

1.4%

WSFS

-0.4%

US Mortgage

0.3%

US Market


1 Year Return

11.4%

WSFS

6.6%

US Mortgage

21.1%

US Market

Return vs Industry: WSFS exceeded the US Mortgage industry which returned 5.9% over the past year.

Return vs Market: WSFS underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

WSFSIndustryMarket
7 Day1.4%-0.4%0.3%
30 Day13.4%1.3%3.3%
90 Day55.3%13.9%14.2%
1 Year13.2%11.4%9.8%6.6%23.8%21.1%
3 Year-3.1%-6.5%19.1%9.8%45.0%35.4%
5 Year73.5%65.2%93.1%65.5%127.7%102.3%

Long-Term 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

Valuation

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

9.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WSFS ($47.19) is trading below our estimate of fair value ($52.05)

Significantly Below Fair Value: WSFS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WSFS is poor value based on its PE Ratio (24x) compared to the US Mortgage industry average (13.2x).

PE vs Market: WSFS is poor value based on its PE Ratio (24x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: WSFS is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: WSFS is overvalued based on its PB Ratio (1.3x) compared to the US Mortgage industry average (0.9x).


Next Steps

Future Growth

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

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSFS's forecast earnings growth (18.7% per year) is above the savings rate (2%).

Earnings vs Market: WSFS's earnings (18.7% per year) are forecast to grow slower than the US market (21.6% per year).

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

Revenue vs Market: WSFS's revenue is expected to decline over the next 3 years (-5.9% per year).

High Growth Revenue: WSFS's revenue is forecast to decline over the next 3 years (-5.9% 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%).


Next Steps

Past Performance

How has WSFS Financial performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WSFS has a large one-off loss of $59.0M impacting its September 30 2020 financial results.

Growing Profit Margin: WSFS's current net profit margins (20.1%) are lower than last year (24.2%).


Past Earnings Growth Analysis

Earnings Trend: WSFS's earnings have grown significantly by 20% per year over the past 5 years.

Accelerating Growth: WSFS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WSFS had negative earnings growth (-24.3%) over the past year, making it difficult to compare to the Mortgage industry average (2.7%).


Return on Equity

High ROE: WSFS's Return on Equity (5.3%) 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 Assets to Equity ratio (7.4x) is low.

Allowance for Bad Loans: WSFS has a sufficient allowance for bad loans (561%).

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 (66%).

Low Risk Deposits: WSFS's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: WSFS has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

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

1.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WSFS's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: WSFS's dividend (1.02%) is low compared to the top 25% of dividend payers in the US market (3.85%).


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 (24.4%), 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 thoroughly covered by earnings (14.3% payout ratio).


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Rodger Levenson (59 yo)

2yrs

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 ($USD1.90M) is below average for companies of similar size in the US market ($USD3.88M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Rodger Levenson
Chairman2yrsUS$1.90m0.12%
$ 3.0m
Dominic Canuso
Executive VP & CFO4.58yrsUS$1.00m0.037%
$ 873.1k
Richard Wright
Executive VP & Chief Retail Banking Officer14.83yrsUS$956.05k0.12%
$ 2.9m
Peggy Eddens
Executive VP & Chief Customer Officer13.42yrsUS$956.42k0.085%
$ 2.0m
Stephen Clark
Chief Commercial Banking Officer & Executive VP5.83yrsUS$937.88k0.041%
$ 971.8k
Patrick Ward
Executive VP & Pennsylvania Market President4.42yrsno data0.26%
$ 6.1m
Charles Mosher
Senior VP & Chief Accounting Officerno datano datano data
Lisa Brubaker
Executive VP & Chief Information Officer1yrno data0.040%
$ 953.3k
Lisa Washington
Senior VP & Chief Legal Officer1.25yrsno datano data
Justin Dunn
Senior VP & Chief Marketing Officerno datano datano data
Michael Conklin
Executive VP & Chief Human Resources Officer0.42yrno datano data
Douglas Quaintance
Senior Vice President of Strategic Planning & Growth Markets Managerno datano datano data

4.4yrs

Average Tenure

60.5yo

Average Age

Experienced Management: WSFS's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rodger Levenson
Chairman2yrsUS$1.90m0.12%
$ 3.0m
Marvin Schoenhals
Director31yrsUS$107.83k0.063%
$ 1.5m
Mark Turner
Director13.75yrsUS$1.34m0.35%
$ 8.4m
Anat Bird
Independent Director10.75yrsUS$111.08k0.041%
$ 978.3k
Michael Donahue
Independent Director1.83yrsUS$108.08k0.023%
$ 557.3k
David Turner
Independent Director7.92yrsUS$115.58k0.032%
$ 759.5k
Karen Buchholz
Independent Director1.83yrsUS$107.02k0.047%
$ 1.1m
Eleuthère du Pont
Lead Independent Director4.42yrsUS$151.08k0.028%
$ 666.9k
Nancy Foster
Independent Director0.17yrno data0.0011%
$ 25.7k
Francis Brake
Independent Director6.75yrsUS$103.58k0.022%
$ 521.4k
Jennifer Davis
Independent Director12yrsUS$94.83k0.042%
$ 993.0k
Christopher Gheysens
Independent Director3.58yrsUS$123.71k0.010%
$ 241.7k

5.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: WSFS's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WSFS insiders have only sold shares 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 company bio, 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$2.378b
  • Shares outstanding: 50.40m
  • Website: https://www.wsfsbank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WSFSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 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 thr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 00:16
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.