Stock of the Day

October 5, 2020

WSFS Financial (WSFS)

$79.84
-$0.39 (-0.5%)
Market Cap: $4.18B

About WSFS Financial

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. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial mortgage and commercial loans; commercial construction loans; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion and other business purposes; and consumer credit products, such as home equity loans, home equity lines of credit, automobile loans, unsecured lines of credit, and other secured and unsecured personal installment loans. In addition, it offers insurance products; planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate and institutional clients; retail securities and insurance brokerage services; mortgage and title services; residential mortgage and refinancing solutions; and leases small equipment and fixed assets, as well as provides financial planning, customized investment strategies, brokerage products, fiduciary, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, and deposit safe cash logistics services, as well as trustee, agency, bankruptcy administration, custodial and commercial domicile services. The company was founded in 1832 and is based in Wilmington, Delaware.

Today's Trend

WSFS Financial Corporation (NASDAQ: WSFS) — Shares are trading higher after the company's April-quarter results and a board action that boost shareholder returns. Investors are reacting to better-than-expected revenue and strong capital returns, though some outlets flagged mixed earnings math. Below are the key items driving the move.

  • Company reported stronger results for Q1 — revenue up ~7.5% year-over-year and EPS that topped several consensus reads; management provided slides and a press release with details. BusinessWire: WSFS Q1 results & press release
  • Board approved an 18% quarterly dividend increase and expanded the buyback program by 15% — a clear capital-return boost that supports the stock's rally. MarketWatch: Dividend and buyback increase
  • Analysts have raised forecasts and attention on the beat, which can sustain upward momentum in the shares. Investing.com: Analysts raise forecasts
  • Earnings call transcript and slide deck are available for detail; useful for investors digging into drivers (credit trends, fee growth, guidance commentary). Seeking Alpha: Q1 2026 earnings call transcript
  • Reported short-interest data appears to show 0 shares (data glitch/inconclusive), so short-interest signals aren’t meaningful this reporting period.
  • Some outlets noted differing EPS figures or a miss versus specific estimates (Zacks flagged a small EPS miss on its read), which introduces some noise around the headline earnings beat. Zacks: Q1 EPS commentary

Bottom line for investors: the market is rewarding WSFS for solid top-line growth, favorable margin/ROE metrics and an enlarged capital-return program (dividend + buybacks). Watch the earnings call slides and management comments for outlook/credit trends and any reconciliation of differing EPS reports that could affect near-term sentiment.