WSFS Financial Corporation (NASDAQ:WSFS) to Issue $0.20 Quarterly Dividend

WSFS Financial Corporation (NASDAQ:WSFSGet Free Report) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be given a dividend of 0.20 per share by the bank on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 7th.

WSFS Financial has raised its dividend by an average of 0.1%annually over the last three years and has increased 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. 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 Price Performance

WSFS Financial stock traded up $1.53 during midday trading on Friday, reaching $80.49. The company’s stock had a trading volume of 306,329 shares, compared to its average volume of 446,652. The firm has a market capitalization of $4.19 billion, a PE ratio of 14.36 and a beta of 0.76. WSFS Financial has a fifty-two week low of $49.92 and a fifty-two week high of $82.30. The stock’s 50 day simple moving average is $74.87 and its 200 day simple moving average is $68.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.85.

WSFS Financial (NASDAQ:WSFSGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. The business had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. WSFS Financial had a net margin of 22.55% and a return on equity of 11.23%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. On average, equities research analysts forecast that WSFS Financial will post 6.32 earnings per share for the current year.

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WSFS Financial Company Profile

(Get Free Report)

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.

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Dividend History for WSFS Financial (NASDAQ:WSFS)

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