WSFS Financial Corporation (WSFS) To Go Ex-Dividend on February 13th

WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Monday, January 26th. Investors of record on Friday, February 13th will be paid a dividend of 0.17 per share by the bank on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, February 13th.

WSFS Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. WSFS Financial has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WSFS Financial to earn $4.85 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.0%.

WSFS Financial Stock Performance

Shares of WSFS opened at $68.40 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $3.74 billion, a P/E ratio of 13.41 and a beta of 0.79. The company’s fifty day moving average is $59.03 and its two-hundred day moving average is $56.35. WSFS Financial has a 1 year low of $42.44 and a 1 year high of $71.32.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.26 by $0.17. The company had revenue of $90.08 million during the quarter, compared to analysts’ expectations of $267.36 million. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. On average, sell-side analysts predict that WSFS Financial will post 4.47 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Shari Kruzinski sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total transaction of $70,100.00. Following the sale, the executive vice president owned 14,740 shares of the company’s stock, valued at $1,033,274. The trade was a 6.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James J. Wechsler sold 450 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $69.89, for a total value of $31,450.50. Following the completion of the sale, the executive vice president owned 5,777 shares in the company, valued at approximately $403,754.53. This represents a 7.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WSFS. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of WSFS Financial by 0.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,460 shares of the bank’s stock worth $3,782,000 after buying an additional 198 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in WSFS Financial by 7.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,817 shares of the bank’s stock valued at $152,000 after acquiring an additional 203 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in WSFS Financial by 17.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock valued at $79,000 after acquiring an additional 212 shares in the last quarter. Smartleaf Asset Management LLC raised its position in WSFS Financial by 7.2% during the third quarter. Smartleaf Asset Management LLC now owns 3,263 shares of the bank’s stock worth $177,000 after acquiring an additional 218 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of WSFS Financial by 31.2% in the second quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

About WSFS Financial

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.