WSFS Financial Co. (NASDAQ:WSFS) Announces $0.15 Quarterly Dividend

WSFS Financial Co. (NASDAQ:WSFS) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 raised its dividend payment by an average of 7.7% per year 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 Stock Down 3.8 %

Shares of NASDAQ WSFS opened at $42.85 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 9.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average of $43.09 and a two-hundred day moving average of $41.94. WSFS Financial has a 1 year low of $29.59 and a 1 year high of $47.97.

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

Insider Activity

In other news, EVP Arthur J. Bacci sold 15,992 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the sale, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at approximately $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.