Principal Financial Group Decreases Stake in WSFS Financial Co.

November 21, 2023

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The Principal Financial Group Inc. recently announced that it has reduced its holdings in WSFS ($NASDAQ:WSFS) Financial Co. WSFS Financial is a publicly-traded company that provides financial services to individuals and businesses in the Delaware, Pennsylvania, Virginia and New Jersey markets. The company’s primary focus is on providing commercial banking, retail banking and wealth management services, as well as engaging in other financial activities. The Principal Financial Group Inc. had held a stake in WSFS Financial for some time, and its sudden reduction in holdings marks a significant shift in its business strategy.

The company is yet to issue a statement about the reasons behind this decision, but it is likely that the move was made to free up capital for other investments. The decrease in holdings is not expected to have a major impact on the stock prices of WSFS as the company is still well-positioned to grow and succeed in the future.

Price History

Principal Financial Group Inc. recently decreased its stake in WSFS Financial Co., as the stock opened Monday at $39.9 and closed at $39.7, down by 0.6% from its previous closing price of $39.9. This change in ownership was a significant decrease from previously held stocks of the company. Despite the slight decrease in stock price, WSFS Financial Co. remains an important part of Principal Financial Group Inc.’s portfolio. The company’s future prospects and strategies remain unclear at this moment, yet investors have been keeping an eye on the evolving situation. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Wsfs Financial. More…

    Total Revenues Net Income Net Margin
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Wsfs Financial. More…

    Operations Investing Financing
    480.85 -137.37 -1.04k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Wsfs Financial. More…

    Total Assets Total Liabilities Book Value Per Share
    20.04k 17.81k
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Wsfs Financial are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    FCF Margin ROE ROA
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  • Analysis

    At GoodWhale, we have conducted an analysis of WSFS FINANCIAL‘s wellbeing. Our analysis has determined that the company is classified as a ‘gorilla’ according to Star Chart, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely of great interest to investors who are looking for strong returns. We were further pleased to find that WSFS FINANCIAL has a high health score of 9/10, based on our evaluation of its cashflows and debt. This indicates that they are capable of paying off their debt and funding future operations. In terms of performance metrics, WSFS FINANCIAL is strong in growth, asset, dividend and medium in profitability. All of these factors make WSFS FINANCIAL an attractive investment option. More…

  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    WSFS Financial Corp is competing in a highly competitive landscape against a number of other financial institutions, such as Regions Financial Corp, HarborOne Bancorp Inc, and Enterprise Bancorp Inc. All of these companies are striving to provide the best possible products and services to their customers, making it essential for WSFS Financial Corp to continue to innovate and stay ahead of the competition.

    – Regions Financial Corp ($NYSE:RF)

    Regions Financial Corporation is a financial services company headquartered in Birmingham, Alabama. As of 2022, it has a market cap of 19.83B, making it one of the largest regional banks in the United States. The company provides banking, investment, mortgage, and insurance products and services throughout the United States. Regions has 1,500 banking offices located in 16 states throughout the Southern, Midwestern and Southeastern United States. It is a publicly traded company listed on the New York Stock Exchange under the ticker symbol RF. The company has been providing financial services to customers since 1971 and is a member of the S&P 500 Index.

    – HarborOne Bancorp Inc ($NASDAQ:HONE)

    HarborOne Bancorp Inc is a financial holding company based in Brockton, Massachusetts. It operates HarborOne Bank, a federally chartered savings bank with over twenty branches in Massachusetts and Rhode Island. As of 2022, HarborOne Bancorp Inc has a market cap of 691.1M. This market cap is a reflection of the company’s profitability, as well as its ability to create value for its shareholders through its banking services. HarborOne Bank offers a wide range of banking services, including personal and commercial lending and deposit products, as well as wealth management, trust services, and financial planning services.

    – Enterprise Bancorp Inc ($NASDAQ:EBTC)

    Enterprise Bancorp Inc is a publicly traded company that operates as a financial holding company. The company provides commercial banking services to small and medium-sized businesses, individuals, and families. As of 2022, Enterprise Bancorp Inc has a market cap of 427.37M. This market cap is determined by multiplying the current market price of the company’s shares by the total number of shares outstanding. The market cap is an important metric for investors to consider when evaluating a company’s potential investment opportunities. With its strong balance sheet and impressive earnings, Enterprise Bancorp Inc is a strong contender in the banking industry.


    Analysts suggest that the decline may be due to recent macroeconomic trends, such as weak job growth in the region, as well as the ongoing effects of the coronavirus pandemic on the global economy. Although the current outlook for WSFS is uncertain, investors should consider their own risk tolerance before making any decisions to invest or divest from the company.

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