WSFS Financial Corporation (WSFS) to Issue Quarterly Dividend of $0.20 on August 21st

WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Tuesday, July 21st. Investors 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) annualized dividend 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 raised its dividend annually for the last 1 consecutive 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 $6.89 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 11.6%.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $81.94 on Wednesday. The company has a 50 day simple moving average of $76.38 and a two-hundred day simple moving average of $70.06. WSFS Financial has a fifty-two week low of $49.92 and a fifty-two week high of $82.58. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 13.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.84.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.41 million. During the same period in the previous year, the firm posted $1.27 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that WSFS Financial will post 6.51 EPS for the current fiscal year.

About WSFS Financial

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.