WSFS Financial Co. to Issue Quarterly Dividend of $0.15 (NASDAQ:WSFS)

WSFS Financial Co. (NASDAQ:WSFS) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, May 10th will be paid a dividend of 0.15 per share by the bank on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, May 9th.

WSFS Financial has increased its dividend by an average of 7.7% annually over the last three years. WSFS Financial has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect WSFS Financial to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 13.9%.

WSFS Financial Price Performance

NASDAQ:WSFS traded down $1.68 during trading hours on Friday, reaching $42.85. 294,322 shares of the company were exchanged, compared to its average volume of 212,924. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average is $43.09 and its 200-day moving average is $41.94. The firm has a market cap of $2.57 billion, a PE ratio of 9.56 and a beta of 1.03. WSFS Financial has a twelve month low of $29.59 and a twelve month high of $47.97.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The firm had revenue of $251.10 million during the quarter, compared to analysts’ expectations of $247.57 million. WSFS Financial had a net margin of 20.73% and a return on equity of 12.11%. WSFS Financial’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. On average, sell-side analysts anticipate that WSFS Financial will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.79, for a total transaction of $748,265.68. Following the sale, the executive vice president now owns 20,990 shares of the company’s stock, valued at $982,122.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.29% of the company’s stock.

WSFS Financial Company Profile

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.