WSFS Financial Co. (WSFS) Declares Quarterly Dividend of $0.09
WSFS Financial Co. (NASDAQ:WSFS) announced a quarterly dividend on Monday, January 22nd, NASDAQ reports. Stockholders of record on Thursday, February 8th will be given a dividend of 0.09 per share by the bank on Thursday, February 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, February 7th.
WSFS Financial (NASDAQ WSFS) opened at $51.50 on Friday. WSFS Financial has a twelve month low of $42.45 and a twelve month high of $53.00. The firm has a market cap of $1,605.46 and a PE ratio of 19.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, topping 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 business had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. analysts predict that WSFS Financial will post 3.3 EPS for the current year.
Several research analysts recently weighed in on the stock. Merion Capital Group boosted their price target on shares of WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. BidaskClub cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price target on shares of WSFS Financial in a report on Tuesday, October 24th. DA Davidson boosted their price target on shares of WSFS Financial to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill restated a “buy” rating and set a $57.00 price target on shares of WSFS Financial in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company 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.
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