WSFS Financial Co. (NASDAQ:WSFS) Stock Holdings Lifted by Citigroup Inc.

Citigroup Inc. increased its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 17.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,232 shares of the bank's stock after buying an additional 15,881 shares during the quarter. Citigroup Inc. owned about 0.18% of WSFS Financial worth $5,366,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WSFS. Dimensional Fund Advisors LP boosted its holdings in shares of WSFS Financial by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank's stock valued at $183,450,000 after acquiring an additional 110,279 shares during the period. American Century Companies Inc. grew its holdings in WSFS Financial by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank's stock worth $41,241,000 after buying an additional 191,566 shares in the last quarter. abrdn plc increased its position in WSFS Financial by 1.0% in the 3rd quarter. abrdn plc now owns 620,808 shares of the bank's stock valued at $31,655,000 after acquiring an additional 6,380 shares during the period. Eagle Asset Management Inc. raised its stake in WSFS Financial by 1.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 255,452 shares of the bank's stock valued at $14,295,000 after acquiring an additional 3,861 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in WSFS Financial by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank's stock worth $9,119,000 after acquiring an additional 53,292 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Price Performance

NASDAQ:WSFS traded down $0.19 during mid-day trading on Monday, reaching $59.83. 275,309 shares of the stock were exchanged, compared to its average volume of 274,228. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average price of $53.35 and a 200 day moving average price of $50.77. WSFS Financial Co. has a 1-year low of $39.99 and a 1-year high of $62.75. The firm has a market capitalization of $3.52 billion, a PE ratio of 13.66 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. The business had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Research analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, November 8th. WSFS Financial's payout ratio is 13.70%.

Analyst Upgrades and Downgrades

WSFS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and set a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott restated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $59.75.

WSFS Financial Profile

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.