The stock of WSFS Financial Corporation (NASDAQ:WSFS) reached all time high today, Nov, 24 and still has $43.31 target or 3.00% above today’s $42.05 share price. This indicates more upside for the $1.33B company. This technical setup was reported by Barchart.com. If the $43.31 PT is reached, the company will be worth $39.90M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.20% or $0.5 on November 23, hitting $42.05. About 73,155 shares traded hands. WSFS Financial Corporation (NASDAQ:WSFS) has risen 22.67% since April 22, 2016 and is uptrending. It has outperformed by 17.26% the S&P500.
Analysts await WSFS Financial Corporation (NASDAQ:WSFS) to report earnings on January, 26. They expect $0.61 EPS, up 3.39% or $0.02 from last year’s $0.59 per share. WSFS’s profit will be $19.29M for 17.23 P/E if the $0.61 EPS becomes a reality. After $0.51 actual EPS reported by WSFS Financial Corporation for the previous quarter, Wall Street now forecasts 19.61% EPS growth.
WSFS Financial Corporation (NASDAQ:WSFS) Ratings Coverage
Out of 2 analysts covering WSFS Financial (NASDAQ:WSFS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. WSFS Financial has been the topic of 2 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, October 31 by Keefe Bruyette & Woods.
According to Zacks Investment Research, “WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate, commercial and consumer lending services, as well as cash management services funding these activities primarily with retail deposits and borrowings.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.02, from 1.04 in 2016Q1. The ratio fall, as 3 funds sold all WSFS Financial Corporation shares owned while 50 reduced positions. 18 funds bought stakes while 37 increased positions. They now own 21.78 million shares or 1.77% less from 22.17 million shares in 2016Q1.
First Quadrant Limited Partnership Ca last reported 0.01% of its portfolio in the stock. Emerald Mutual Fund Advisers Trust holds 0.31% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS) for 169,608 shares. Panagora Asset has invested 0% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS). Northern accumulated 938,396 shares or 0.01% of the stock. Blackrock Advsrs Ltd Liability Co holds 0% or 13,547 shares in its portfolio. Ubs Asset Mngmt Americas holds 0% or 12,512 shares in its portfolio. The Minnesota-based Walleye Trading Limited Liability has invested 0% in WSFS Financial Corporation (NASDAQ:WSFS). Alphaone Inv Lc has 1.43% invested in the company for 120,436 shares. Blackrock accumulated 11,389 shares or 0% of the stock. Tfs Capital Ltd Com accumulated 16,366 shares or 0.1% of the stock. Moreover, Strs Ohio has 0% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 7,300 shares. Moreover, International Grp has 0% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 16,489 shares. Moreover, Voya Invest Limited Liability Company has 0.03% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 439,326 shares. Parametric Assoc Limited Liability has 0% invested in the company for 77,308 shares. Los Angeles Cap Equity Rech has invested 0% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS).
Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 7 sales for $2.94 million net activity. On Friday, June 10 WRIGHT RICHARD sold $166,780 worth of the stock or 4,597 shares. The insider KEARNEY THOMAS W sold 7,625 shares worth $269,925. On Friday, June 10 the insider EDDENS PEGGY H bought $14,388. 3,772 shares with value of $152,879 were sold by Geraghty Paul D on Wednesday, November 16. LEVENSON RODGER had sold 45,024 shares worth $1.84M. $98,461 worth of shares were sold by Ward Patrick Joseph on Thursday, November 10. Shares for $261,902 were sold by Clark Stephen P.
More notable recent WSFS Financial Corporation (NASDAQ:WSFS) news were published by: Finance.Yahoo.com which released: “WSFS Financial Corporation (Nasdaq: WSFS) to Ring The Nasdaq Stock Market …” on November 18, 2016, also Nasdaq.com with their article: “WSFS Financial Corporation (WSFS) Ex-Dividend Date Scheduled for November 18, 2016” published on November 17, 2016, Globenewswire.com published: “WSFS Financial Corporation Deadline for Electing Merger Consideration in …” on July 29, 2016. More interesting news about WSFS Financial Corporation (NASDAQ:WSFS) were released by: Delawareonline.com and their article: “We Stand for Service more than a pun for WSFS Financial” published on August 28, 2016 as well as Globenewswire.com‘s news article titled: “WSFS Financial Corporation Announces Successful Completion of the Acquisition …” with publication date: August 15, 2016.
WSFS Company Profile
WSFS Financial Corporation, incorporated on March 21, 1988, is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. The Firm operates in three divisions: WSFS Bank, Cash Connect and Wealth Management. The Company’s banking business is commercial lending funded by customer-generated deposits. It also offers a range of consumer loan products, retail securities and insurance brokerage services through its retail branches and mortgage and title services through those branches and through Pennsylvania WSFS Mortgage/Array Financial. WSFS Mortgage/Array Financial is a mortgage banking company, and an abstract and title firm specializing in a range of residential mortgage and refinancing solutions. The Company’s subsidiaries include WSFS Wealth Investments, 1832 Holdings, Inc., Monarch and West Capital Management.
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