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

WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.15 per share by the bank on Friday, May 24th. This represents a $0.60 annualized dividend 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% annually over the last three years. WSFS Financial has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 3.8 %

WSFS Financial stock opened at $42.85 on Friday. The company’s fifty day simple moving average is $43.09 and its 200-day simple moving average is $41.94. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36. WSFS Financial has a 12 month low of $29.59 and a 12 month high of $47.97. The stock has a market cap of $2.57 billion, a P/E ratio of 9.56 and a beta of 1.03.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data 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. The firm had revenue of $251.10 million during the quarter, compared to analysts’ expectations of $247.57 million. WSFS Financial had a net margin of 20.73% and a return on equity of 12.11%. WSFS Financial’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. As a group, sell-side analysts forecast that WSFS Financial will post 4.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction on Monday, January 29th. The shares were 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 in the company, valued at $982,122.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.