WSFS Financial Co. (NASDAQ:WSFS) announced a quarterly dividend on Tuesday, January 21st, Zacks reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.12 per share by the bank on Friday, February 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, February 5th.

WSFS Financial has increased its dividend by an average of 17.0% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. WSFS Financial has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings.

Shares of WSFS stock traded down $0.61 on Thursday, hitting $40.61. 1,529 shares of the stock traded hands, compared to its average volume of 145,286. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 13.96 and a beta of 1.11. WSFS Financial has a 52 week low of $37.19 and a 52 week high of $46.05. The firm has a 50 day simple moving average of $43.46 and a two-hundred day simple moving average of $42.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.96 and a quick ratio of 0.95.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.05. The firm had revenue of $159.34 million for the quarter, compared to the consensus estimate of $157.10 million. WSFS Financial had a net margin of 20.98% and a return on equity of 10.13%. Sell-side analysts forecast that WSFS Financial will post 3.79 EPS for the current year.

WSFS has been the topic of a number of research reports. Keefe, Bruyette & Woods downgraded shares of WSFS Financial from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Wednesday, October 23rd. ValuEngine upgraded shares of WSFS Financial from a “sell” rating to a “hold” rating in a report on Thursday. Stephens initiated coverage on shares of WSFS Financial in a report on Monday, January 6th. They issued an “equal weight” rating and a $45.00 price target on the stock. Zacks Investment Research reiterated a “hold” rating on shares of WSFS Financial in a report on Saturday, October 26th. Finally, BidaskClub downgraded shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. WSFS Financial presently has an average rating of “Hold” and an average target price of $46.25.

In other WSFS Financial news, EVP Paul S. Greenplate sold 6,072 shares of WSFS Financial stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $43.54, for a total value of $264,374.88. Insiders own 2.42% of the company’s stock.

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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

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Dividend History for WSFS Financial (NASDAQ:WSFS)

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