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

WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders 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 dividend yield of 1.40%. The ex-dividend date is Thursday, May 9th.

WSFS Financial has increased its dividend by an average of 7.7% per year over the last three years. WSFS Financial has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of WSFS Financial stock opened at $42.85 on Friday. The business has a 50-day simple moving average of $43.09 and a 200-day simple moving average of $41.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $2.57 billion, a PE ratio of 9.56 and a beta of 1.03. WSFS Financial has a one year low of $29.59 and a one 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, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $251.10 million during the quarter, compared to the consensus estimate of $247.57 million. WSFS Financial had a return on equity of 12.11% and a net margin of 20.73%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share. On average, equities research analysts forecast that WSFS Financial will post 4.19 EPS for the current fiscal year.

Insider Activity at WSFS Financial

In related news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at $982,122.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.29% of the stock is currently owned by corporate insiders.

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.