The stock of Wayne Savings Bancshares, Inc (NASDAQ:WAYN) hit a new 52-week high and has $16.05 target or 6.00% above today’s $15.14 share price. The 8 months bullish chart indicates low risk for the $42.23 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $16.05 price target is reached, the company will be worth $2.53 million 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. The stock increased 1.61% or $0.24 on November 25, hitting $15.14. About 10,600 shares traded hands or 709.16% up from the average. Wayne Savings Bancshares, Inc (NASDAQ:WAYN) has risen 15.41% since April 22, 2016 and is uptrending. It has outperformed by 10.01% the S&P500.
Analysts await Wayne Savings Bancshares, Inc (NASDAQ:WAYN) to report earnings on March, 10.
According to Zacks Investment Research, “WAYNE SAVINGS & LOAN CO. is a bank holding company.”
Insitutional Activity: The institutional sentiment is 1.33 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 3 funds sold all Wayne Savings Bancshares, Inc shares owned while 0 reduced positions. only 0 funds bought stakes while 4 increased positions. They now own 289,335 shares or 2.91% less from 298,016 shares in 2016Q1.
Tower Research Capital Limited Liability Company (Trc) holds 0% of its portfolio in Wayne Savings Bancshares, Inc (NASDAQ:WAYN) for 270 shares. California Public Employees Retirement Systems accumulated 10,966 shares or 0% of the stock. Ladenburg Thalmann Fin Services Inc last reported 3,599 shares in the company. Alliancebernstein L P, a New York-based fund reported 77,995 shares. Huntington Fincl Bank has 4,700 shares for 0% of their US portfolio. Moreover, First Manhattan has 0% invested in Wayne Savings Bancshares, Inc (NASDAQ:WAYN) for 48,601 shares. Blackrock Fund Advsr has 0% invested in the company for 625 shares. Dimensional Fund Advisors Lp holds 0% of its portfolio in Wayne Savings Bancshares, Inc (NASDAQ:WAYN) for 45,700 shares. Raffles Assocs Limited Partnership has invested 1.22% of its portfolio in Wayne Savings Bancshares, Inc (NASDAQ:WAYN). Blackrock Inv Mngmt Ltd has 428 shares for 0% of their US portfolio. Glenmede Tru Co Na holds 0% of its portfolio in Wayne Savings Bancshares, Inc (NASDAQ:WAYN) for 2,125 shares. Wells Fargo Communications Mn last reported 0% of its portfolio in the stock.
More recent Wayne Savings Bancshares, Inc (NASDAQ:WAYN) news were published by: Globenewswire.com which released: “Wayne Savings Bancshares, Inc. Announces the Appointment of H. Stewart Fitz …” on October 30, 2014. Also Cleveland.com published the news titled: “Wayne Savings CEO Rodney Steiger to retire from top-rated bank” on March 17, 2014. Crainscleveland.com‘s news article titled: “Huntington Bank ranks second nationally in small business lending, leads …” with publication date: October 21, 2016 was also an interesting one.
WAYN Company Profile
Wayne Savings Bancshares, Inc., incorporated on September 19, 2001, is the unitary thrift holding firm for Wayne Savings Community Bank (the Bank). The Bank is a community-oriented institution, which offers a range of consumer and business financial services to the local community. The Bank’s primary lending and deposit gathering area includes Wayne, Holmes, Ashland, Medina and Stark counties, where it operates over 10 offices. The Bank’s principal business activities consist of originating one- to four-family residential real estate loans, multi-family residential, commercial and non-residential real estate loans. The Bank also originates non-real estate, secured commercial loans, consumer loans and construction loans. The Bank also invests in mortgage-backed securities, obligations issued by state and political subdivisions, and a small position of private-label collateralized mortgage obligations and other liquid investments, such as the United States Government securities, federal funds, and deposits in other financial institutions.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.