Citigroup Inc. Has $3.17 Million Holdings in WSFS Financial Corporation $WSFS

Citigroup Inc. lessened its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 36.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,681 shares of the bank’s stock after selling 34,310 shares during the quarter. Citigroup Inc.’s holdings in WSFS Financial were worth $3,165,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. First Horizon Corp bought a new position in shares of WSFS Financial during the third quarter valued at $31,000. EverSource Wealth Advisors LLC increased its position in shares of WSFS Financial by 265.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock worth $53,000 after purchasing an additional 706 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 purchasing an additional 212 shares during the last quarter. GAMMA Investing LLC boosted its position in WSFS Financial by 14.4% in the third quarter. GAMMA Investing LLC now owns 1,939 shares of the bank’s stock valued at $105,000 after buying an additional 244 shares in the last quarter. Finally, LSV Asset Management acquired a new position in WSFS Financial in the third quarter valued at about $129,000. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Stock Down 1.5%

NASDAQ:WSFS opened at $64.25 on Friday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 12.60 and a beta of 0.76. 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’s fifty day moving average price is $62.08 and its two-hundred day moving average price is $57.64. WSFS Financial Corporation has a 52-week low of $42.44 and a 52-week high of $71.32.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.17. The business had revenue of $90.08 million for the quarter, compared to analyst estimates of $267.36 million. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. On average, analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, February 13th. WSFS Financial’s dividend payout ratio (DPR) is 13.33%.

Insider Transactions at WSFS Financial

In related news, EVP Arthur J. Bacci sold 2,005 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.51, for a total transaction of $141,372.55. Following the completion of the sale, the executive vice president directly owned 26,366 shares of the company’s stock, valued at $1,859,066.66. The trade was a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP James J. Wechsler sold 450 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $69.89, for a total transaction of $31,450.50. Following the completion of the transaction, the executive vice president owned 5,777 shares in the company, valued at $403,754.53. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,455 shares of company stock worth $242,923 in the last quarter. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of WSFS Financial in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $74.00 target price for the company. Zacks Research raised WSFS Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price objective on WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Stephens restated an “overweight” rating and set a $71.00 target price (up from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.

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.