Market Perform rating was Kept at Wells Fargo. Webster Financial (NYSE:WBS) Has Given Price Objective Of $65.

June 27, 2018 - By Gregory Tomko

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 bought holdings and 67 increased holdings. Investors holded 85.11 million in 2017Q4 but now own 85.03 million shares or 0.10% less.

Grandeur Peak Global Advsr Limited Liability Co accumulated 6,575 shs or 0.04% of the stock. Fisher Asset Mgmt Lc invested in 1.35 million shs. Moreover, Retirement Systems Of Alabama has 0.03% invested in Webster Financial Corporation (NYSE:WBS) for 119,129 shs. 950,483 are held by Putnam Invs Limited Liability. Brandywine Invest Management Limited Liability Corporation stated it has 88,842 shs or 0.03% of all its holdings. 89,687 are owned by Stifel Financial. The Missouri-based American Century has invested 0.11% in Webster Financial Corporation (NYSE:WBS). Lord Abbett Co Lc holds 0.28% or 1.67 million shs. Bluemountain Cap Mgmt Ltd Liability Corp owns 139 shs. Elk Creek Prtn Llc has 0.24% invested in Webster Financial Corporation (NYSE:WBS) for 75,680 shs. Manufacturers Life Insurance Company The invested in 0.01% or 148,546 shs. 13,161 were accumulated by Synovus Financial Corporation. Rmb Mgmt Limited Liability holds 172,469 shs. Polaris Cap Management Lc accumulated 1.10 million shs. California Pub Employees Retirement accumulated 211,171 shs.

Webster Financial Corporation registered $5.85 million net activity with 0 insider purchases and 9 selling transactions since January 25, 2018. SMITH JAMES COPENHAVER sold 60,000 shs worth $3.63 million. Another trade for 5,064 shs valued at $274,565 was made by BECKER JOEL S on Tuesday, February 6. On Thursday, April 26 a trade for 7,400 shs valued at $448,514 was made by MORSE LAURENCE C. On Monday, April 23 BLEY DANIEL sold $293,706 worth of Webster Financial Corporation (NYSE:WBS). On Friday, May 4 CRAWFORD JOHN JOSEPH also sold $244,120 worth of Webster Financial Corporation (NYSE:WBS). MORRIS DAWN C sold $147,100 worth of stock or 2,431 shs.

Reiterated Webster Financial (NYSE:WBS) Rating.

New York: On Tuesday, 26 June, a research report was issued to clients and investors of Webster Financial (NYSE:WBS). Its Market Perform Rating kept at Wells Fargo. Professional analysts have target price of $65 which indicates 0.14 % upside potential on firm’s stock.

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. In Tuesday, January 23 report Sandler O’Neill maintained the stock with “Hold” rating. On Wednesday, January 24 the stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Jefferies. On Tuesday, January 9 the rating was maintained by Wells Fargo with “Hold”. In Friday, April 20 report Boenning & Scattergood maintained the stock with “Hold” rating. On Monday, February 26 the firm has “Buy” rating given by Keefe Bruyette & Woods. On Thursday, April 19 the rating was maintained by Jefferies with “Hold”. On Tuesday, January 2 Barclays Capital maintained Webster Financial Corporation (NYSE:WBS) with “Buy” rating. On Friday, May 4 Deutsche Bank maintained Webster Financial Corporation (NYSE:WBS) rating. Deutsche Bank has “Hold” rating and $64 target. On Wednesday, January 24 the stock of Webster Financial Corporation (NYSE:WBS) has “Hold” rating given by Boenning & Scattergood. On Tuesday, January 23 Piper Jaffray maintained Webster Financial Corporation (NYSE:WBS) with “Hold” rating.

WBS is hitting $64.9052 during the last trading session, after decreased 0.33%.Webster Financial Corporation has volume of 20,250 shares. Since June 27, 2017 WBS has risen 29.99% and is uptrending. WBS outperformed by 17.42% the S&P 500.

Webster Financial Corporation (NYSE:WBS)’s earnings release is anticipated by WallStreet on July, 20, RTT reports. Analysts expect change of 34.38 % or $0.22 from previous year’s $0.64 EPS compared to current’s $0.86 EPS. If EPS of $0.86 is reported the profit of WBS could be $79.21M giving it 18.87 P/E. 1.18 % EPS growth is what analysts predict. $0.85 EPS was reported for last quarter.

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 company has $5.98 billion market cap. 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

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