Stock of the Day: A Reversal for Webster Financial Corporation Is Not Near. The Stock Rises Again

Stock of the Day: A Reversal for Webster Financial Corporation Is Not Near. The Stock Rises Again

The stock of Webster Financial Corporation (NYSE:WBS) is a huge mover today! About 415,524 shares traded hands. Webster Financial Corporation (NYSE:WBS) has risen 29.15% since April 26, 2016 and is uptrending. It has outperformed by 23.89% the S&P500.
The move comes after 8 months positive chart setup for the $4.51 billion company. It was reported on Nov, 29 by Barchart.com. We have $52.11 PT which if reached, will make NYSE:WBS worth $225.50M more.

Analysts await Webster Financial Corporation (NYSE:WBS) to report earnings on January, 19. They expect $0.55 EPS, down 1.79% or $0.01 from last year’s $0.56 per share. WBS’s profit will be $49.98M for 22.56 P/E if the $0.55 EPS becomes a reality. After $0.54 actual EPS reported by Webster Financial Corporation for the previous quarter, Wall Street now forecasts 1.85% EPS growth.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Out of 12 analysts covering Webster Financial (NYSE:WBS), 5 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 42% are positive. Webster Financial has been the topic of 25 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of Webster Financial Corporation (NYSE:WBS) has “Buy” rating given on Friday, January 15 by Guggenheim. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 16. JP Morgan upgraded Webster Financial Corporation (NYSE:WBS) on Tuesday, November 24 to “Overweight” rating. The rating was upgraded by Zacks on Tuesday, September 22 to “Buy”. Zacks upgraded the shares of WBS in a report on Tuesday, September 1 to “Sell” rating. The rating was downgraded by Barclays Capital to “Equal-Weight” on Friday, August 5. The stock has “Hold” rating given by Zacks on Tuesday, September 8. The rating was upgraded by Guggenheim to “Buy” on Monday, January 18. The stock of Webster Financial Corporation (NYSE:WBS) earned “Overweight” rating by Barclays Capital on Monday, March 21. Barclays Capital maintained Webster Financial Corporation (NYSE:WBS) rating on Friday, October 9. Barclays Capital has “Overweight” rating and $41 price target.

According to Zacks Investment Research, “WEBSTER FINANCIAL CORP. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.72, from 1.65 in 2016Q1. The ratio is negative, as 20 funds sold all Webster Financial Corporation shares owned while 59 reduced positions. 29 funds bought stakes while 101 increased positions. They now own 84.19 million shares or 1.10% more from 83.27 million shares in 2016Q1.
Allianz Asset Mgmt Ag last reported 0% of its portfolio in the stock. Waddell Reed last reported 0.06% of its portfolio in the stock. Tricadia Capital Mgmt Ltd owns 315,905 shares or 3.63% of their US portfolio. Moreover, Checchi Capital Advisers Ltd Liability has 0% invested in Webster Financial Corporation (NYSE:WBS) for 773 shares. Tci Wealth Advsrs accumulated 0% or 67 shares. Stifel Fincl last reported 0.01% of its portfolio in the stock. Barclays Public Ltd Co last reported 0% of its portfolio in the stock. First Mercantile Company last reported 34,202 shares in the company. The Illinois-based Citadel Limited Liability Corp has invested 0% in Webster Financial Corporation (NYSE:WBS). Frontier Mgmt Ltd Liability Corporation accumulated 0.24% or 851,855 shares. Fifth Third Fincl Bank has 0% invested in the company for 78 shares. California Public Employees Retirement Sys reported 228,253 shares or 0.01% of all its holdings. Moreover, Ls Invest Advisors has 0.01% invested in Webster Financial Corporation (NYSE:WBS) for 5,480 shares. Ameriprise Fincl holds 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 632,216 shares. Nuveen Asset Ltd accumulated 0.06% or 270,479 shares.

Insider Transactions: Since July 28, 2016, the stock had 1 insider purchase, and 13 selling transactions for $2.05 million net activity. The insider WOLFE HARRIET MUNRETT sold 8,851 shares worth $318,902. The insider CIULLA JOHN R sold $344,789. $119,463 worth of shares were sold by CRAWFORD JOHN JOSEPH on Tuesday, October 25. Shares for $503,305 were sold by OSAR KAREN R on Tuesday, November 1. JACOBI C MICHAEL sold $182,961 worth of Webster Financial Corporation (NYSE:WBS) on Friday, October 28. Another trade for 500 shares valued at $18,804 was made by MADAR GREGORY on Tuesday, October 25. 4,468 shares were sold by BLEY DANIEL, worth $177,560 on Tuesday, October 25.

More news for Webster Financial Corporation (NYSE:WBS) were recently published by: Nasdaq.com, which released: “Webster Financial Corporation (WBS) Ex-Dividend Date Scheduled for November 04 …” on November 03, 2016. Seekingalpha.com‘s article titled: “Webster Financial Corp: A Debt-Free Cash Cow On Sale” and published on July 27, 2016 is yet another important article.

WBS Company Profile

Webster Financial Corporation (Webster), incorporated on September 10, 1986, is a bank and financial holding company. The Company’s principal asset is all of the outstanding capital stock of Webster Bank, National Association (Webster Bank). The Company’s divisions include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Company, through Webster Bank and non-banking financial services subsidiaries, delivers financial services to individuals, families and businesses. Webster Bank provides commercial, small business and consumer banking, mortgage lending, financial planning, trust and investment services through over 160 banking centers, approximately 320 automatic teller machines (ATMs), telephone banking, mobile banking and online banking through its Website, www.websterbank.com. Webster Bank also offers equipment financing, commercial real estate lending and asset lending across the Northeast.

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