WSFS Financial Co. (WSFS) to Issue Quarterly Dividend of $0.15 on February 21st

WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Monday, January 27th,RTT News reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.15 per share by the bank on Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 1.08%.

WSFS Financial has raised its dividend payment by an average of 5.6% per year over the last three years. WSFS Financial has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WSFS Financial to earn $4.23 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 14.2%.

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $55.52 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. WSFS Financial has a 52 week low of $40.19 and a 52 week high of $62.75. The firm has a fifty day moving average of $55.71 and a two-hundred day moving average of $53.60. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.68 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. As a group, equities research analysts predict that WSFS Financial will post 4.26 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on WSFS. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Stephens restated an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a research report on Tuesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.25.

About WSFS Financial

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.