WSFS Financial Co. (WSFS) To Go Ex-Dividend on February 7th

WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.15 per share by the bank on Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, February 7th.

WSFS Financial has raised its dividend payment by an average of 5.6% per year over the last three years. WSFS Financial has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect WSFS Financial to earn $4.84 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 12.4%.

WSFS Financial Stock Up 3.5 %

Shares of NASDAQ:WSFS opened at $57.43 on Wednesday. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 13.05 and a beta of 1.08. The company has a 50 day moving average of $55.34 and a two-hundred day moving average of $53.67. WSFS Financial has a 52-week low of $40.19 and a 52-week high of $62.75. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. As a group, analysts forecast that WSFS Financial will post 4.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSFS. Keefe, Bruyette & Woods raised their price target on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.75.

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.