WSFS Financial Co. (WSFS) to Issue Quarterly Dividend of $0.12 on November 21st

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WSFS Financial Co. (NASDAQ:WSFS) declared a quarterly dividend on Monday, October 21st, Zacks reports. Investors of record on Thursday, November 7th will be given a dividend of 0.12 per share by the bank on Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, November 6th.

WSFS Financial stock opened at $42.50 on Monday. The company has a market cap of $2.23 billion, a P/E ratio of 11.97 and a beta of 1.09. WSFS Financial has a 1-year low of $33.75 and a 1-year high of $46.05. The company has a fifty day simple moving average of $43.94 and a 200 day simple moving average of $42.10. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. WSFS Financial had a net margin of 20.56% and a return on equity of 11.13%. The company had revenue of $183.18 million during the quarter, compared to the consensus estimate of $158.75 million. On average, equities research analysts forecast that WSFS Financial will post 3.66 EPS for the current year.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of WSFS Financial from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research report on Wednesday, October 23rd. BidaskClub downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Piper Jaffray Companies assumed coverage on shares of WSFS Financial in a research report on Monday, July 15th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research reissued a “hold” rating on shares of WSFS Financial in a research report on Saturday, October 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.25.

In other WSFS Financial news, EVP Richard Wright sold 8,026 shares of WSFS Financial stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $44.61, for a total value of $358,039.86. Following the completion of the sale, the executive vice president now owns 60,851 shares in the company, valued at approximately $2,714,563.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Joseph Ward sold 15,962 shares of WSFS Financial stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $41.95, for a total transaction of $669,605.90. Following the completion of the sale, the executive vice president now owns 115,729 shares of the company’s stock, valued at approximately $4,854,831.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,165 shares of company stock valued at $6,157,398. 2.42% of the stock is currently owned by corporate insiders.

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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