The stock of WSFS Financial Corporation (NASDAQ:WSFS) hit a new 52-week high and has $44.56 target or 4.00% above today’s $42.85 share price. The 9 months bullish chart indicates low risk for the $1.33 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $44.56 price target is reached, the company will be worth $53.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 112,104 shares traded hands. WSFS Financial Corporation (NASDAQ:WSFS) has risen 21.63% since April 26, 2016 and is uptrending. It has outperformed by 16.37% 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 $18.93 million for 17.56 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. Keefe Bruyette & Woods upgraded the shares of WSFS in a report on Monday, October 31 to “Outperform” rating.
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 turned negative, 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.
Moreover, Highbridge Cap Mngmt Limited Liability Corp has 0.01% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 11,373 shares. Bridgeway Cap Mngmt Incorporated, a Texas-based fund reported 75,300 shares. Swiss Financial Bank holds 0% or 46,500 shares in its portfolio. Ativo Capital Mgmt Ltd Co holds 0.18% or 23,006 shares in its portfolio. California Public Employees Retirement System owns 48,184 shares or 0% of their US portfolio. Tiaa Cref Investment Management Lc has 0% invested in the company for 90,598 shares. Moreover, Alliancebernstein L P has 0.01% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 494,037 shares. Aqr Cap Ltd Com holds 40,163 shares or 0% of its portfolio. First Tru Ltd Partnership accumulated 0.01% or 52,128 shares. Aberdeen Asset Management Public Limited Co Uk accumulated 0.08% or 701,736 shares. The New York-based Qs Ltd has invested 0.02% in WSFS Financial Corporation (NASDAQ:WSFS). Blackrock Invest Management holds 0% or 121,020 shares in its portfolio. The Pennsylvania-based Stoneridge Investment Partners Ltd has invested 0.03% in WSFS Financial Corporation (NASDAQ:WSFS). Morgan Stanley owns 115,627 shares or 0% of their US portfolio. Mckinley Management Ltd Com Delaware reported 150 shares or 0% of all its holdings.
Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 7 selling transactions for $2.94 million net activity. WRIGHT RICHARD sold $161,920 worth of stock. $269,925 worth of WSFS Financial Corporation (NASDAQ:WSFS) was sold by KEARNEY THOMAS W. The insider EDDENS PEGGY H bought 400 shares worth $14,388. LEVENSON RODGER sold 45,024 shares worth $1.84M. On Wednesday, November 16 Geraghty Paul D sold $152,879 worth of the stock or 3,772 shares. On Thursday, November 10 the insider Ward Patrick Joseph sold $98,461. Another trade for 7,269 shares valued at $261,902 was sold by Clark Stephen P.
More notable recent WSFS Financial Corporation (NASDAQ:WSFS) news were published by: Globenewswire.com which released: “WSFS Financial Corporation (Nasdaq: WSFS) to Ring The Nasdaq Stock Market …” on November 18, 2016, also Delawareonline.com with their article: “We Stand for Service more than a pun for WSFS Financial” published on August 28, 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: Nasdaq.com and their article: “WSFS Financial Corporation (WSFS) Ex-Dividend Date Scheduled for November 18, 2016” published on November 17, 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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