WSFS Financial Corporation (WSFS) To Go Ex-Dividend on November 7th

WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Thursday, October 23rd. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th.

WSFS Financial has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.4%

WSFS stock opened at $53.02 on Friday. The company’s 50-day simple moving average is $55.18 and its 200-day simple moving average is $54.21. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. WSFS Financial has a 52-week low of $42.44 and a 52-week high of $62.75. The firm has a market cap of $2.97 billion, a P/E ratio of 10.93 and a beta of 0.86.

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 net margin of 20.44% and a return on equity of 10.70%. The business had revenue of $161.68 million for the quarter. As a group, equities analysts forecast that WSFS Financial will post 4.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on WSFS. TD Cowen began coverage on shares of WSFS Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $67.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research report on Friday. Finally, DA Davidson downgraded shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, WSFS Financial 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.