WSFS Financial Corporation (WSFS) To Go Ex-Dividend on November 6th

WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be paid 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 dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 6th.

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 16.1% meaning 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 Trading Up 1.9%

Shares of WSFS stock traded up $1.51 on Friday, reaching $79.02. The company had a trading volume of 521,420 shares, compared to its average volume of 300,894. The stock has a market cap of $4.04 billion, a PE ratio of 12.42 and a beta of 0.84. The company has a 50-day moving average of $77.95 and a 200-day moving average of $75.78. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial has a 12 month low of $50.79 and a 12 month high of $82.94.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.13. The business had revenue of $287.57 million for the quarter, compared to analyst estimates of $289.82 million. WSFS Financial had a net margin of 24.10% and a return on equity of 12.14%. WSFS Financial’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 EPS. On average, equities analysts forecast that WSFS Financial will post 6.59 earnings per share for the current year.

WSFS Financial News Roundup

Here are the key news stories impacting WSFS Financial this week:

• Positive Sentiment: Quarterly earnings beat expectations: WSFS reported third-quarter EPS of $1.75, above the $1.61–$1.62 consensus range and up from $1.37 a year earlier. Net income rose to $89.3 million, while revenue increased 6.3% year over year to $287.6 million. WSFS Financial GAAP EPS and revenue report
• Positive Sentiment: Underlying banking trends were healthy: Net interest income reached $196.6 million, net interest margin was 3.88%, loans and leases grew 5% year over year to $13.7 billion, and total deposits reached $18.4 billion. Wealth and Trust fee revenue also climbed 30% year over year. WSFS third-quarter operating results
• Positive Sentiment: Capital returns remain supportive: WSFS repurchased $59.6 million of common stock during the quarter and declared a quarterly dividend of $0.20 per share, payable November 20 to shareholders of record on November 6. The dividend implies an annualized payout of $0.80 and a yield of approximately 1%. WSFS third-quarter earnings and buybacks
• Neutral Sentiment: Revenue fell modestly short of forecasts: Quarterly revenue of $287.6 million missed the consensus estimate by roughly $1.0 million, partially offsetting the stronger-than-expected EPS result. WSFS revenue expectations report
• Negative Sentiment: Insider selling is a potential overhang: Company insiders reported four open-market sales over the past six months and no purchases, including sales by the CEO and other executives. The transactions may weigh on sentiment, though they do not necessarily indicate a change in business outlook.

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.