WSFS Financial Corporation (WSFS) to Distribute Quarterly Dividend of $0.20 on August 21st

WSFS Financial Corporation (NASDAQ:WSFS) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 7th will be paid a dividend of 0.20 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th.

WSFS Financial has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. WSFS Financial has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WSFS Financial to earn $6.66 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 12.0%.

WSFS Financial Stock Up 1.1%

WSFS stock opened at $79.84 on Friday. The stock has a market capitalization of $4.15 billion, a PE ratio of 13.35 and a beta of 0.76. WSFS Financial has a 52 week low of $49.92 and a 52 week high of $82.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $75.07 and a 200 day moving average of $68.76.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $278.41 million. WSFS Financial had a net margin of 23.34% and a return on equity of 11.69%. WSFS Financial’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS. Sell-side analysts forecast that WSFS Financial will post 6.32 earnings per share for the current year.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.