Rating on Webster Financial (NYSE:WBS) is Market Perform. Its Reconfirms by Wells Fargo with $65 Target.

June 27, 2018 - By Don Salinas

Webster Financial Corporation (NYSE:WBS) Corporate Logo

Big Money Sentiment decreased to 0.92 in 2018 Q1. It has change of 0.24, from 2017Q4’s 1.16. The ratio fall due to Webster Financial Corporation positioning: 18 sold and 97 reduced. 39 funds took holdings and 67 increased holdings. Investors holded 85.11 million in 2017Q4 but now own 85.03 million shares or 0.10% less.

Moreover, California Employees Retirement has 0.02% invested in Webster Financial Corporation (NYSE:WBS) for 211,171 shs. Macquarie Grp Inc invested in 2.42M shs or 0.24% of the stock. Brinker Cap owns 21,559 shs. Minnesota-based Advantus Mgmt has invested 0.02% in Webster Financial Corporation (NYSE:WBS). Bnp Paribas Arbitrage accumulated 18,022 shs. Invesco has 0.02% invested in Webster Financial Corporation (NYSE:WBS). Metropolitan Life Ny accumulated 0% or 26,566 shs. Moreover, Liberty Mutual Gru Asset Management has 0.03% invested in Webster Financial Corporation (NYSE:WBS). Rhumbline Advisers owns 190,067 shs. Mason Street Limited Company has 46,264 shs for 0.06% of their capital. Cortina Asset Mgmt holds 0.67% or 245,864 shs in its capital. Wright Invsts Ser Inc has invested 0.14% in Webster Financial Corporation (NYSE:WBS). Serv Automobile Association stated it has 0% of its capital in Webster Financial Corporation (NYSE:WBS). Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.02% of its capital in Webster Financial Corporation (NYSE:WBS). Signaturefd Ltd Liability holds 0% in Webster Financial Corporation (NYSE:WBS) or 72 shs.

Webster Financial Corporation registered $5.85 million net activity with 0 buys and 9 insider sales since January 25, 2018. 5,064 shs were sold by BECKER JOEL S, worth $274,565. 3,291 shs were sold by Pettie Mark, worth $185,415 on Thursday, February 1. $3.63 million worth of Webster Financial Corporation (NYSE:WBS) was sold by SMITH JAMES COPENHAVER on Thursday, April 26. On Monday, April 23 a trade for 2,431 shs valued at $147,100 was made by MORRIS DAWN C. $448,514 worth of Webster Financial Corporation (NYSE:WBS) was sold by MORSE LAURENCE C on Thursday, April 26. Another trade for 4,000 shs valued at $244,120 was sold by CRAWFORD JOHN JOSEPH.

Reiterated Webster Financial (NYSE:WBS) Rating.

In a note released by Wells Fargo’s expert analysts, Webster Financial (NYSE:WBS) had it’s stock Rating kept to Market Perform. On Tuesday, 26 June it has $65 or 0.14 % target that suggests a potential upside move.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

In total 12 analysts cover Webster Financial (NYSE:WBS). “Buy” rating has 3, “Sell” are 1, while 8 are “Hold”. (NYSE:WBS) has 25% bullish analysts. 18 are the (NYSE:WBS)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, January 23 the stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Piper Jaffray. On Friday, January 5 the rating was upgraded by PiperJaffray to “Neutral”. On Tuesday, April 24 the stock of Webster Financial Corporation (NYSE:WBS) has “Underweight” rating given by Morgan Stanley. On Friday, January 26 the firm has “Underweight” rating by Morgan Stanley given. On Tuesday, June 26 the rating was maintained by Wells Fargo with “Market Perform”. On Friday, May 4 the rating was maintained by Deutsche Bank with “Hold”. On Thursday, April 19 the firm has “Hold” rating by Jefferies given. On Tuesday, January 2 the company was maintained by Barclays Capital. On Tuesday, January 23 the firm earned “Hold” rating by Sandler O’Neill. On Thursday, January 18 Boenning & Scattergood maintained the shares of WBS in report with “Hold” rating.

WBS reached $64.9052 during the last trading session after $0.2148 change.Currently Webster Financial Corporation is uptrending after 29.99% change in last June 27, 2017. WBS has also 20,250 shares volume. WBS outperformed by 17.42% the S&P 500.

Webster Financial Corporation (NYSE:WBS)’s earnings report is anticipated on July, 20., Zacks reports. This year’s EPS analyst estimate is anticipated to be $0.86. That is 34.38 % up compareed to $0.64 EPS for last year. If reported the P/E will be 18.87 with $79.21 million profit. After $0.85 EPS was revealed last quarter, analysts now see EPS growth of 1.18 % for Webster Financial Corporation.

Webster Financial Corporation operates as the holding firm for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States.The firm is valued at $5.98 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking.22.38 is the P/E ratio. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking.

Webster Financial Corporation (NYSE:WBS) Institutional Investors Chart

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: