Citigroup Inc. Has $5.37 Million Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Citigroup Inc. boosted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 17.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,232 shares of the bank’s stock after acquiring an additional 15,881 shares during the quarter. Citigroup Inc.’s holdings in WSFS Financial were worth $5,366,000 as of its most recent SEC filing.

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

WSFS Financial Stock Performance

WSFS stock opened at $60.02 on Monday. The firm has a market cap of $3.54 billion, a PE ratio of 13.70 and a beta of 1.02. WSFS Financial Co. has a 1-year low of $37.09 and a 1-year high of $62.75. The stock has a 50-day moving average price of $53.19 and a 200-day moving average price of $50.67. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

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

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, November 8th. WSFS Financial’s dividend payout ratio is presently 13.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSFS. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.