WSFS Financial Co. (NASDAQ:WSFS – Get Free Report) declared a quarterly dividend on Thursday, July 25th, NASDAQ reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.15 per share by the bank on Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, August 9th.
WSFS Financial has raised its dividend payment by an average of 7.7% per year over the last three years. WSFS Financial has a payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Analysts expect WSFS Financial to earn $4.37 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 13.7%.
WSFS Financial Stock Down 0.4 %
Shares of WSFS Financial stock traded down $0.23 during trading hours on Friday, hitting $56.86. The company had a trading volume of 520,323 shares, compared to its average volume of 275,344. The company has a market cap of $3.42 billion, a P/E ratio of 12.69 and a beta of 1.02. The company’s 50-day moving average is $46.82 and its two-hundred day moving average is $44.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.85. WSFS Financial has a twelve month low of $33.12 and a twelve month high of $58.59.
Insiders Place Their Bets
In other WSFS Financial news, EVP Stephen P. Clark sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total transaction of $139,830.00. Following the completion of the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,196,525.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.29% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Separately, Piper Sandler increased their price target on shares of WSFS Financial from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd.
Check Out Our Latest Analysis on WSFS Financial
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.
Featured Stories
- Five stocks we like better than WSFS Financial
- What is the Dogs of the Dow Strategy? Overview and Examples
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Industrial Products Stocks Investing
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.