The stock of WSFS Financial Corporation (NASDAQ:WSFS) reached all time high today, Nov, 29 and still has $45.05 target or 6.00% above today’s $42.50 share price. This indicates more upside for the $1.32 billion company. This technical setup was reported by Barchart.com. If the $45.05 PT is reached, the company will be worth $79.20M 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. About 127,292 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 $18.95M for 17.42 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 stock has “Outperform” rating given by Keefe Bruyette & Woods on Monday, October 31.
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 2016 Q2. 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.
Chatham Capital owns 12,425 shares or 0.12% of their US portfolio. Kcg Hldg accumulated 0.01% or 8,004 shares. Guggenheim Capital Lc holds 0% or 6,535 shares in its portfolio. Ameriprise Financial Inc accumulated 0% or 218,848 shares. Pdts Prns Ltd Limited Liability Company last reported 13,574 shares in the company. Rhumbline Advisers has 0% invested in the company for 39,974 shares. Fulton Bancshares Na reported 9,900 shares or 0.03% of all its holdings. Blackrock Inc reported 7,085 shares or 0% of all its holdings. Swiss Bank & Trust last reported 46,500 shares in the company. Wellington Mngmt Gru Llp last reported 0.01% of its portfolio in the stock. Alps Advsrs Inc holds 12,464 shares or 0% of its portfolio. Cna Financial accumulated 0.17% or 20,675 shares. Aberdeen Asset Management Public Llc Uk accumulated 0.08% or 701,736 shares. Price T Rowe Associate Md has 0.01% invested in the company for 949,750 shares. Alliancebernstein Ltd Partnership owns 494,037 shares or 0.01% of their US portfolio.
Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 7 insider sales for $2.94 million net activity. The insider LEVENSON RODGER sold $1.84 million. KEARNEY THOMAS W had sold 7,625 shares worth $269,925. Shares for $161,920 were sold by WRIGHT RICHARD. $261,902 worth of WSFS Financial Corporation (NASDAQ:WSFS) was sold by Clark Stephen P on Wednesday, August 10. Geraghty Paul D sold $152,879 worth of stock. 2,524 shares were sold by Ward Patrick Joseph, worth $98,461. EDDENS PEGGY H also bought $14,388 worth of WSFS Financial Corporation (NASDAQ:WSFS) on Friday, June 10.
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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