WSFS Financial
Market Cap
US$2.4b
Last Updated
2021/01/20 00:16 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. More Details
Rewards
Risk Analysis
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
| WSFS | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | -0.4% | 0.3% |
| 30 Day | 13.4% | 1.3% | 3.3% |
| 90 Day | 55.3% | 13.9% | 14.2% |
| 1 Year | 13.2%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 Year | 73.5%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
4 weeks ago | Simply Wall St
Is WSFS Financial Corporation (NASDAQ:WSFS) An Attractive Dividend Stock?1 month ago | Simply Wall St
WSFS Financial Corporation (NASDAQ:WSFS) Insiders Have Been Selling2 months ago | Simply Wall St
WSFS Financial (NASDAQ:WSFS) Could Be A Buy For Its Upcoming DividendValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2yrs | US$1.90m | 0.12% $ 3.0m | |
| Executive VP & CFO | 4.58yrs | US$1.00m | 0.037% $ 873.1k | |
| Executive VP & Chief Retail Banking Officer | 14.83yrs | US$956.05k | 0.12% $ 2.9m | |
| Executive VP & Chief Customer Officer | 13.42yrs | US$956.42k | 0.085% $ 2.0m | |
| Chief Commercial Banking Officer & Executive VP | 5.83yrs | US$937.88k | 0.041% $ 971.8k | |
| Executive VP & Pennsylvania Market President | 4.42yrs | no data | 0.26% $ 6.1m | |
| Senior VP & Chief Accounting Officer | no data | no data | no data | |
| Executive VP & Chief Information Officer | 1yr | no data | 0.040% $ 953.3k | |
| Senior VP & Chief Legal Officer | 1.25yrs | no data | no data | |
| Senior VP & Chief Marketing Officer | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | 0.42yr | no data | no data | |
| Senior Vice President of Strategic Planning & Growth Markets Manager | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2yrs | US$1.90m | 0.12% $ 3.0m | |
| Director | 31yrs | US$107.83k | 0.063% $ 1.5m | |
| Director | 13.75yrs | US$1.34m | 0.35% $ 8.4m | |
| Independent Director | 10.75yrs | US$111.08k | 0.041% $ 978.3k | |
| Independent Director | 1.83yrs | US$108.08k | 0.023% $ 557.3k | |
| Independent Director | 7.92yrs | US$115.58k | 0.032% $ 759.5k | |
| Independent Director | 1.83yrs | US$107.02k | 0.047% $ 1.1m | |
| Lead Independent Director | 4.42yrs | US$151.08k | 0.028% $ 666.9k | |
| Independent Director | 0.17yr | no data | 0.0011% $ 25.7k | |
| Independent Director | 6.75yrs | US$103.58k | 0.022% $ 521.4k | |
| Independent Director | 12yrs | US$94.83k | 0.042% $ 993.0k | |
| Independent Director | 3.58yrs | US$123.71k | 0.010% $ 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
| 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 thr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 00:16 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| 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.