WSFS Financial Corporation (NASDAQ:WSFS) Declares $0.07 Quarterly Dividend
WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Friday, July 28th, NASDAQ reports. Investors of record on Friday, August 11th will be paid a dividend of 0.07 per share by the bank on Friday, August 25th. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, August 9th.
WSFS Financial Corporation (NASDAQ WSFS) opened at 44.95 on Tuesday. The firm has a 50 day moving average price of $45.60 and a 200 day moving average price of $45.58. The company has a market cap of $1.41 billion, a PE ratio of 20.57 and a beta of 1.19. WSFS Financial Corporation has a 12-month low of $31.90 and a 12-month high of $50.55.
WSFS Financial Corporation (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.55%. The firm had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $54.83 million. During the same period last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts anticipate that WSFS Financial Corporation will post $2.56 earnings per share for the current fiscal year.
In other WSFS Financial Corporation news, EVP Paul S. Greenplate sold 7,056 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $46.28, for a total value of $326,551.68. Following the transaction, the executive vice president now directly owns 10,535 shares of the company’s stock, valued at $487,559.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peggy H. Eddens sold 4,911 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $45.08, for a total transaction of $221,387.88. Following the completion of the transaction, the executive vice president now directly owns 23,990 shares in the company, valued at $1,081,469.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,169 shares of company stock worth $645,929. Insiders own 4.89% of the company’s stock.
A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $50.00 price objective on shares of WSFS Financial Corporation in a research note on Monday, May 1st. Zacks Investment Research raised shares of WSFS Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, May 3rd. BidaskClub raised shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $49.00 price objective on shares of WSFS Financial Corporation in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $51.75.
ILLEGAL ACTIVITY WARNING: “WSFS Financial Corporation (NASDAQ:WSFS) Declares $0.07 Quarterly Dividend” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/08/wsfs-financial-corporation-nasdaqwsfs-declares-0-07-quarterly-dividend.html.
WSFS Financial Corporation Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
Receive News & Ratings for WSFS Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.