WSFS Financial Co. Plans Quarterly Dividend of $0.09 (WSFS)

WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Monday, January 22nd, NASDAQ reports. Investors of record on Thursday, February 8th will be paid a dividend of 0.09 per share by the bank on Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, February 7th.

Shares of WSFS Financial (NASDAQ WSFS) opened at $51.50 on Friday. WSFS Financial has a 52 week low of $42.45 and a 52 week high of $53.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1,605.46 and a price-to-earnings ratio of 19.88.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The firm had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. equities research analysts predict that WSFS Financial will post 3.3 EPS for the current year.

In other news, EVP Patrick Joseph Ward sold 2,070 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.52, for a total transaction of $100,436.40. Following the completion of the sale, the executive vice president now directly owns 90,589 shares of the company’s stock, valued at $4,395,378.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP S James Mazarakis sold 1,868 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total transaction of $96,183.32. Following the sale, the executive vice president now directly owns 42,995 shares of the company’s stock, valued at $2,213,812.55. The disclosure for this sale can be found here. Insiders own 4.89% of the company’s stock.

WSFS has been the subject of several research analyst reports. ValuEngine downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. BidaskClub downgraded shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of WSFS Financial from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research note on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price target on shares of WSFS Financial in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. WSFS Financial presently has a consensus rating of “Hold” and an average price target of $56.00.

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WSFS Financial Company Profile

WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.

Dividend History for WSFS Financial (NASDAQ:WSFS)

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