WSFS Financial Corporation (WSFS) to Issue Quarterly Dividend of $0.17 on November 21st

WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, November 7th will be given a dividend of 0.17 per share by the bank on Friday, November 21st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th.

WSFS Financial has raised its dividend 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 13.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect WSFS Financial to earn $4.85 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.0%.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $53.07 on Wednesday. The company’s 50 day moving average is $54.68 and its 200-day moving average is $54.63. The firm has a market cap of $2.97 billion, a P/E ratio of 10.82 and a beta of 0.93. WSFS Financial has a 12-month low of $42.44 and a 12-month high of $62.75. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.09.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share (EPS) for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The firm had revenue of $161.68 million for the quarter. Sell-side analysts predict that WSFS Financial will post 4.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WSFS has been the topic of several research analyst reports. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. TD Cowen started coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price on the stock. DA Davidson cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.25.

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.