WSFS Financial Corporation (WSFS) to Distribute Quarterly Dividend of $0.20 on November 20th

WSFS Financial Corporation (NASDAQ:WSFS) declared a quarterly dividend on Wednesday, October 21st. 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 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 6th.

WSFS Financial has increased 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 dividend payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings. Analysts expect WSFS Financial to earn $6.99 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 11.4%.

WSFS Financial Stock Down 0.8%

Shares of NASDAQ:WSFS opened at $79.90 on Wednesday. The company has a market capitalization of $4.08 billion, a PE ratio of 12.80 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.84 and a quick ratio of 0.84. WSFS Financial has a 1 year low of $51.40 and a 1 year high of $82.94. The business has a fifty day moving average price of $77.81 and a two-hundred day moving average price of $72.80.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $1.75 EPS for the quarter, beating the consensus estimate of $1.62 by $0.13. The business had revenue of $287.57 million for the quarter, compared to the consensus estimate of $289.82 million. WSFS Financial had a net margin of 24.10% and a return on equity of 12.27%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Analysts forecast that WSFS Financial will post 6.62 earnings per share for the current year.

About WSFS Financial

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.