WSFS Financial Co. (NASDAQ:WSFS) to Issue Quarterly Dividend of $0.15

WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.15 per share by the bank on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, May 9th.

WSFS Financial has raised its dividend payment by an average of 7.7% per year over the last three years. WSFS Financial has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect WSFS Financial to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 13.9%.

WSFS Financial Trading Down 3.8 %

WSFS Financial stock traded down $1.68 during mid-day trading on Friday, reaching $42.85. 294,322 shares of the company traded hands, compared to its average volume of 212,924. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. The firm's 50 day moving average price is $43.09 and its 200 day moving average price is $41.94. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 9.56 and a beta of 1.03. WSFS Financial has a 52-week low of $29.59 and a 52-week high of $47.97.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $251.10 million for the quarter, compared to the consensus estimate of $247.57 million. WSFS Financial had a net margin of 20.73% and a return on equity of 12.11%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. On average, analysts anticipate that WSFS Financial will post 4.19 earnings per share for the current fiscal year.

Insider Transactions at WSFS Financial

In other news, EVP Arthur J. Bacci sold 15,992 shares of the company's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the sale, the executive vice president now directly owns 20,990 shares of the company's stock, valued at approximately $982,122.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.29% of the company's stock.

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.