Today’s Short Interest Alert: Could Wsfs Financial Corporation (NASDAQ:WSFS) Change Direction After Less Shorts?

November 21, 2016 - By Nellie Frank   ·   0 Comments

Today's Short Interest Alert: Could Wsfs Financial Corporation (NASDAQ:WSFS) Change Direction After Less Shorts?

The stock of Wsfs Financial Corporation (NASDAQ:WSFS) registered a decrease of 12.66% in short interest. WSFS’s total short interest was 649,600 shares in November as published by FINRA. Its down 12.66% from 743,800 shares, reported previously. With 129,100 shares average volume, it will take short sellers 5 days to cover their WSFS’s short positions. The short interest to Wsfs Financial Corporation’s float is 2.25%. About 75,605 shares traded hands. WSFS Financial Corporation (NASDAQ:WSFS) has risen 19.85% since April 19, 2016 and is uptrending. It has outperformed by 15.99% the S&P500.

WSFS Financial Corporation is a savings and loan holding company. The company has a market cap of $1.30 billion. The Company’s subsidiary is Wilmington Savings Fund Society, FSB , which is the bank and trust company. It has a 20.79 P/E ratio. It operates in three divisions: WSFS Bank, Cash Connect and Wealth Management.

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.
Putnam Ltd Liability Corp accumulated 0.01% or 120,103 shares. Hancock Hldg Comm accumulated 24,059 shares or 0.03% of the stock. Rhumbline Advisers has 39,974 shares for 0% of their US portfolio. Tiaa Cref Mgmt Limited Liability Corp has 90,598 shares for 0% of their US portfolio. National Bank & Trust Of America Corporation De has invested 0% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS). Moreover, Nuveen Asset Mngmt Lc has 0.03% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 134,219 shares. Fulton National Bank & Trust Na has invested 0.03% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS). Ubs Asset Americas Inc holds 0% or 12,512 shares in its portfolio. The New York-based Citigroup has invested 0% in WSFS Financial Corporation (NASDAQ:WSFS). Goldman Sachs holds 0.01% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS) for 767,945 shares. The New York-based Morgan Stanley has invested 0% in WSFS Financial Corporation (NASDAQ:WSFS). Martingale Asset Management L P accumulated 7,700 shares or 0% of the stock. Alliancebernstein L P has 494,037 shares for 0.01% of their US portfolio. Us Commercial Bank De has 448 shares for 0% of their US portfolio. Teacher Retirement Of Texas has invested 0% of its portfolio in WSFS Financial Corporation (NASDAQ:WSFS).

Insider Transactions: Since June 10, 2016, the stock had 1 buying transaction, and 6 insider sales for $1.10 million net activity. Clark Stephen P also sold $261,902 worth of WSFS Financial Corporation (NASDAQ:WSFS) on Wednesday, August 10. 4,000 shares with value of $161,920 were sold by WRIGHT RICHARD on Monday, November 14. $98,461 worth of WSFS Financial Corporation (NASDAQ:WSFS) was sold by Ward Patrick Joseph. EDDENS PEGGY H bought $14,388 worth of stock or 400 shares. $152,879 worth of WSFS Financial Corporation (NASDAQ:WSFS) was sold by Geraghty Paul D on Wednesday, November 16. On Monday, November 7 the insider KEARNEY THOMAS W sold $269,925.

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 by Keefe Bruyette & Woods given on Monday, October 31.

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.

More notable recent WSFS Financial Corporation (NASDAQ:WSFS) news were published by: Nasdaq.com which released: “WSFS Financial Corporation (WSFS) Ex-Dividend Date Scheduled for November 18, 2016” on November 17, 2016, also Globenewswire.com with their article: “WSFS Financial Corporation Deadline for Electing Merger Consideration in …” published on July 29, 2016, Delawareonline.com published: “We Stand for Service more than a pun for WSFS Financial” on August 28, 2016. More interesting news about WSFS Financial Corporation (NASDAQ:WSFS) were released by: Globenewswire.com and their article: “WSFS Financial Corporation Announces Successful Completion of the Acquisition …” published on August 15, 2016 as well as Globenewswire.com‘s news article titled: “WSFS Financial Corporation and Alliance Bancorp, Inc. of Pennsylvania Enter …” with publication date: March 03, 2015.

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By Nellie Frank


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