WSFS Financial Corporation (NASDAQ:WSFS – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be given a dividend of $0.20 per share by the bank on Friday, November 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 6th.
WSFS Financial has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. WSFS Financial has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect WSFS Financial to earn $6.96 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 11.5%.
WSFS Financial Stock Up 1.1%
Shares of WSFS traded up $0.83 during mid-day trading on Friday, hitting $78.34. The company’s stock had a trading volume of 34,973 shares, compared to its average volume of 413,530. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $78.00 and its 200-day moving average is $75.75. WSFS Financial has a 52-week low of $50.79 and a 52-week high of $82.94. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 13.10 and a beta of 0.84.
WSFS Financial (NASDAQ:WSFS – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.13. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The company had revenue of $287.57 million during the quarter, compared to the consensus estimate of $289.82 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. WSFS Financial’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that WSFS Financial will post 6.59 EPS for the current fiscal year.
Key Stories Impacting WSFS Financial
Here are the key news stories impacting WSFS Financial this week:
- Positive Sentiment: WSFS reported third-quarter EPS of $1.75, exceeding the roughly $1.61–$1.62 analyst consensus and rising from $1.37 a year earlier. Net income reached $89.3 million, up from $76.4 million in the prior-year quarter. WSFS Financial GAAP EPS beats estimates
- Positive Sentiment: Underlying operating trends were solid: revenue increased 6.3% year over year, wealth and trust fee revenue rose 30%, loans and leases grew 5% to $13.7 billion, and net interest income reached $196.6 million. The bank also reported a 3.88% net interest margin and 1.58% return on average assets. WSFS third-quarter financial results
- Positive Sentiment: WSFS continued returning capital, repurchasing $59.6 million of common stock and declaring a quarterly dividend of $0.20 per share, payable November 20. The dividend represents a $0.80 annualized payout and an approximately 1.0% yield. WSFS earnings and dividend results
- Neutral Sentiment: Investor focus may remain on whether WSFS can sustain loan growth, fee-income momentum and profitability as it trades near its 52-week high.
- Negative Sentiment: Total revenue of $287.6 million narrowly missed the approximately $288.6–$289.8 million analyst expectations, potentially limiting the positive reaction to the earnings beat. WSFS misses third-quarter sales expectations
- Negative Sentiment: Recent insider activity showed sales by executives, including CEO Rodger Levenson, with no reported insider purchases in the past six months. This may be a modest confidence concern, although insider transactions do not necessarily reflect company fundamentals.
WSFS Financial Company Profile
WSFS Financial Corporation is the financial holding company for WSFS Bank, a full-service community banking institution headquartered in Wilmington, Delaware. Founded in 1832, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.
WSFS Bank provides a range of banking services for individuals, families, businesses and institutions. Its offerings include checking and savings accounts, consumer lending, residential mortgages, commercial loans, treasury and cash-management services, and online and mobile banking.
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