Webster Financial Corporation (WBS) Analysts See $0.94 EPS

September 25, 2018 - By Megan Stone

Webster Financial Corporation (NYSE:WBS) LogoInvestors sentiment increased to 1.17 in 2018 Q2. Its up 0.25, from 0.92 in 2018Q1. It increased, 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.
Macquarie Grp Limited, a Australia-based fund reported 2.31M shares. Brandywine Inv Mngmt Ltd holds 0.04% or 87,308 shares. Riverhead Management Lc reported 7,071 shares. Cookson Peirce reported 20,500 shares or 0.12% of all its holdings. Rmb Capital Mngmt Ltd Liability Corporation reported 0.19% of its portfolio in Webster Financial Corporation (NYSE:WBS). Cardinal Management reported 30,587 shares stake. First Mercantile Trust accumulated 17,787 shares. Lpl owns 3,236 shares for 0% of their portfolio. Manufacturers Life Ins Com The reported 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS). Commonwealth Of Pennsylvania School Empls Retrmt System has 24,859 shares. Invesco accumulated 745,162 shares. 24,900 were accumulated by Louisiana State Employees Retirement Sys. Pzena Inv Management Limited Liability has 1.27M shares. Shelton Capital Mgmt reported 0.03% stake. Blackrock invested 0.02% in Webster Financial Corporation (NYSE:WBS).

Since April 23, 2018, it had 0 buys, and 8 selling transactions for $5.52 million activity. 4,900 shares were sold by BLEY DANIEL, worth $293,706. 4,000 Webster Financial Corporation (NYSE:WBS) shares with value of $244,120 were sold by CRAWFORD JOHN JOSEPH. The insider BECKER JOEL S sold $455,853. 7,400 Webster Financial Corporation (NYSE:WBS) shares with value of $448,514 were sold by MORSE LAURENCE C. 60,000 shares were sold by SMITH JAMES COPENHAVER, worth $3.63 million. Shares for $202,544 were sold by WILKINS CHARLES L.

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 company was maintained on Friday, July 20 by Barclays Capital. Piper Jaffray maintained Webster Financial Corporation (NYSE:WBS) on Monday, April 23 with “Hold” rating. On Tuesday, April 24 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock has “Underweight” rating by Morgan Stanley on Tuesday, September 18. The company was maintained on Tuesday, July 24 by Morgan Stanley. Boenning & Scattergood maintained the shares of WBS in report on Friday, April 20 with “Hold” rating. The stock of Webster Financial Corporation (NYSE:WBS) has “Market Perform” rating given on Tuesday, June 26 by Wells Fargo. The stock of Webster Financial Corporation (NYSE:WBS) earned “Equal-Weight” rating by Barclays Capital on Wednesday, July 11. The rating was maintained by Deutsche Bank on Friday, May 4 with “Hold”. Jefferies maintained Webster Financial Corporation (NYSE:WBS) rating on Thursday, April 19. Jefferies has “Hold” rating and $6300 target.

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

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