Wsfs Financial Stock Intrinsic Value – NYS Teachers Retirement System Reduces Stake in WSFS Financial Co.
April 28, 2023
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New York State Teachers Retirement System (NYSTRS) recently announced a decrease in its stock holdings in WSFS ($NASDAQ:WSFS) Financial Co. (WSFS). It provides retail banking, commercial banking, and wealth management services through its subsidiaries, which include WSFS Bank, Beneficial Bank, Cash Connect and Corsair. The retirement system’s move to reduce its exposure to the firm is representative of a larger trend of conservative investment strategies amongst pension funds and institutional investors.
Market Price
WSFS opened at $37.7 and closed at $37.5, a 0.7% decrease from its prior closing price of $37.8. The recent selloff of their stake in WSFS shows the NYS Teachers Retirement System’s hesitance to invest in the company despite its current performance. It appears that the NYS Teachers Retirement System believes there may be higher performing investments elsewhere. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wsfs Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 280.98 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wsfs Financial. More…
| Operations | Investing | Financing |
| 480.85 | -137.37 | -1.04k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wsfs Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.32k | 18.02k | – |
Key Ratios Snapshot
Some of the financial key ratios for Wsfs Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Wsfs Financial Stock Intrinsic Value
After analyzing the financials of WSFS FINANCIAL, GoodWhale has determined that the intrinsic value of the company’s share is around $50.2. This figure was determined through our proprietary Valuation Line, which takes into account a variety of factors, such as the company’s earnings, cash flow, and balance sheet strength. Currently, WSFS FINANCIAL stock is trading at $37.5, which represents a 25.3% discount to its intrinsic value. This presents a great opportunity to investors looking to purchase WSFS FINANCIAL shares at a discounted price. Our recommendation is to buy the stock and take advantage of the current situation. More…
Peers
WSFS Financial Corp is competing in a highly competitive landscape against a number of other financial institutions, such as Regions Financial Corp, HarborOne Bancorp Inc, and Enterprise Bancorp Inc. All of these companies are striving to provide the best possible products and services to their customers, making it essential for WSFS Financial Corp to continue to innovate and stay ahead of the competition.
– Regions Financial Corp ($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 Co. recently saw a decrease in stock holdings from the New York State Teachers Retirement System. This indicates that the retirement system is no longer as confident in WSFS Financial’s stock. Analysts suggest that this may suggest that WSFS Financial may not have been performing as well as expected.
The overall trend of the stock has been downwards in recent times, and the NYSTR has taken notice of this. Investors should take caution when considering investing in WSFS Financial, as this decrease in stock holdings may suggest there are underlying problems with the company.
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