Webster Financial Corporation (WBS) Analysts See $0.94 EPS

September 25, 2018 - By Nellie Rakes

Webster Financial Corporation (NYSE:WBS) LogoInvestors sentiment increased to 1.17 in Q2 2018. Its up 0.25, from 0.92 in 2018Q1. It is positive, as 12 investors sold Webster Financial Corporation shares while 88 reduced holdings. 42 funds opened positions while 75 raised stakes. 83.48 million shares or 1.82% less from 85.03 million shares in 2018Q1 were reported.
Parametric Lc holds 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 93,645 shares. 73,052 are held by Tygh Mgmt. 67,777 were accumulated by Pennsylvania Tru. Advisory Ser Network Ltd Llc holds 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 1,228 shares. California Public Employees Retirement Systems holds 0.02% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 210,875 shares. Smith Graham Inv Advsrs L P reported 181,990 shares or 1.09% of all its holdings. Schwab Charles Investment Mgmt Inc accumulated 595,950 shares or 0.03% of the stock. Assetmark has 1,035 shares for 0% of their portfolio. Ftb Advisors reported 368 shares. Alliancebernstein Ltd Partnership holds 0.08% or 1.78M shares in its portfolio. Bnp Paribas Arbitrage Sa accumulated 0% or 26,357 shares. Polaris Cap Management Limited accumulated 735,841 shares or 2.17% of the stock. Moreover, First Midwest Bank Division has 0.07% invested in Webster Financial Corporation (NYSE:WBS) for 7,375 shares. 186,247 were reported by Rhumbline Advisers. Bb&T Ltd Llc holds 3,789 shares.

Since April 23, 2018, it had 0 insider purchases, and 8 insider sales for $5.52 million activity. The insider BECKER JOEL S sold 7,473 shares worth $455,853. CRAWFORD JOHN JOSEPH sold 4,000 shares worth $244,120. $448,514 worth of Webster Financial Corporation (NYSE:WBS) was sold by MORSE LAURENCE C. 2,431 shares were sold by MORRIS DAWN C, worth $147,100 on Monday, April 23. On Thursday, April 26 SMITH JAMES COPENHAVER sold $3.63M worth of Webster Financial Corporation (NYSE:WBS) or 60,000 shares. $202,544 worth of Webster Financial Corporation (NYSE:WBS) was sold by WILKINS CHARLES L on Wednesday, July 25.

Analysts expect Webster Financial Corporation (NYSE:WBS) to report $0.94 EPS on October, 18.They anticipate $0.27 EPS change or 40.30 % from last quarter’s $0.67 EPS. WBS’s profit would be $86.70 million giving it 16.16 P/E if the $0.94 EPS is correct. After having $0.92 EPS previously, Webster Financial Corporation’s analysts see 2.17 % EPS growth. The stock decreased 1.40% or $0.86 during the last trading session, reaching $60.76. About 404,244 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 32.10% since September 25, 2017 and is uptrending. It has outperformed by 16.48% the S&P500.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Among 7 analysts covering Webster Financial (NYSE:WBS), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Webster Financial had 10 analyst reports since April 19, 2018 according to SRatingsIntel. The firm earned “Underweight” rating on Tuesday, July 24 by Morgan Stanley. Morgan Stanley maintained Webster Financial Corporation (NYSE:WBS) on Tuesday, September 18 with “Underweight” rating. The firm has “Hold” rating given on Thursday, April 19 by Jefferies. The stock of Webster Financial Corporation (NYSE:WBS) has “Hold” rating given on Friday, May 4 by Deutsche Bank. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, April 24. Barclays Capital maintained it with “Equal-Weight” rating and $67 target in Wednesday, July 11 report. Boenning & Scattergood maintained the stock with “Hold” rating in Friday, April 20 report. Barclays Capital maintained Webster Financial Corporation (NYSE:WBS) rating on Friday, July 20. Barclays Capital has “Equal-Weight” rating and $70 target. The stock has “Market Perform” rating by Wells Fargo on Tuesday, June 26. The stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Piper Jaffray on Monday, April 23.

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 market cap of $5.60 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 19.47 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.

Another recent and important Webster Financial Corporation (NYSE:WBS) news was published by Bizjournals.com which published an article titled: “Analyst: Chase poses ‘significant, long-term threat to Boston banks'” on August 29, 2018.

Webster Financial Corporation (NYSE:WBS) Institutional Positions 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.