Wsfs Financial Intrinsic Value Calculation – WSFS Financial Reports Lower-Than-Expected Earnings and Revenue

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WSFS ($NASDAQ:WSFS) Financial Corporation (WSFS) recently reported earnings and revenue that fell short of expectations. WSFS is a publicly traded financial services company based in Delaware, USA. It provides a range of banking services, including loans, insurance, mortgage and wealth management services for consumers, businesses and institutions. WSFS Financial reported a GAAP Earnings Per Share (EPS) of $1.01, which was $0.27 below market expectations.

In addition, its revenue of $245.7M was $7.6M lower than the projected figure. The disappointing results were attributed to lower net interest income and higher operating expenses. The company’s stock price responded to the news by dropping 4% the day after the earnings report was released. He stated that the company would remain committed to its long-term strategy and would strive to increase profitability in the future.

Share Price

At the market open, WSFS FINANCIAL stock opened at $37.3 and closed at $37.2, down by 0.6% from its prior closing price of $37.5. This lower-than-expected performance has investors concerned as the company’s outlook appears uncertain. Overall, the company’s earnings and revenue have seen a significant decrease compared to previous quarters, leaving many questioning whether or not WSFS FINANCIAL will be able to turn things around in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wsfs Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wsfs Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wsfs Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Wsfs Financial are shown below. More…

Analysis – Wsfs Financial Intrinsic Value Calculation

At GoodWhale, we have conducted an analysis of WSFS FINANCIAL‘s fundamentals and found the intrinsic value of their share to be approximately $50.1 according to our proprietary Valuation Line. Currently, WSFS FINANCIAL’s stock is trading at $37.2, which means the stock is currently undervalued by 25.7%. This presents a great opportunity for investors to purchase shares at a discounted price. Our Valuation Line takes into account various factors such as the company’s financial performance, industry trends, and macroeconomic environment in order to accurately assess a company’s true value. We believe that investors should take advantage of this opportunity and invest in WSFS FINANCIAL as it is currently a great bargain. More…

Peers

WSFS Financial Corp is competing in a highly competitive landscape against a number of other financial institutions, such as Regions Financial Corp, HarborOne Bancorp Inc, and Enterprise Bancorp Inc. All of these companies are striving to provide the best possible products and services to their customers, making it essential for WSFS Financial Corp to continue to innovate and stay ahead of the competition.

– Regions Financial Corp ($NYSE:RF)

Regions Financial Corporation is a financial services company headquartered in Birmingham, Alabama. As of 2022, it has a market cap of 19.83B, making it one of the largest regional banks in the United States. The company provides banking, investment, mortgage, and insurance products and services throughout the United States. Regions has 1,500 banking offices located in 16 states throughout the Southern, Midwestern and Southeastern United States. It is a publicly traded company listed on the New York Stock Exchange under the ticker symbol RF. The company has been providing financial services to customers since 1971 and is a member of the S&P 500 Index.

– HarborOne Bancorp Inc ($NASDAQ:HONE)

HarborOne Bancorp Inc is a financial holding company based in Brockton, Massachusetts. It operates HarborOne Bank, a federally chartered savings bank with over twenty branches in Massachusetts and Rhode Island. As of 2022, HarborOne Bancorp Inc has a market cap of 691.1M. This market cap is a reflection of the company’s profitability, as well as its ability to create value for its shareholders through its banking services. HarborOne Bank offers a wide range of banking services, including personal and commercial lending and deposit products, as well as wealth management, trust services, and financial planning services.

– Enterprise Bancorp Inc ($NASDAQ:EBTC)

Enterprise Bancorp Inc is a publicly traded company that operates as a financial holding company. The company provides commercial banking services to small and medium-sized businesses, individuals, and families. As of 2022, Enterprise Bancorp Inc has a market cap of 427.37M. This market cap is determined by multiplying the current market price of the company’s shares by the total number of shares outstanding. The market cap is an important metric for investors to consider when evaluating a company’s potential investment opportunities. With its strong balance sheet and impressive earnings, Enterprise Bancorp Inc is a strong contender in the banking industry.

Summary

WSFS Financial reported disappointing financial results for the quarter, with GAAP earnings per share (EPS) of $1.01 missing the market’s consensus estimate by $0.27 and revenue of $245.7M missing the consensus by $7.6M. Shares of the company have declined in response, as investors remain cautious on the current outlook of the company. The company will need to demonstrate progress in terms of improving results and meeting expectations in order to regain investor confidence. Analysts will be closely watching the company’s performance in the coming quarters in order to determine how the stock should be valued.