Today’s Stock Alert: Can Webster Financial Corporation’s Tomorrow be Different? The Stock Just Broke Its High

Today's Stock Alert: Can Webster Financial Corporation's Tomorrow be Different? The Stock Just Broke Its High

The stock of Webster Financial Corporation (NYSE:WBS) hit a new 52-week high and has $51.54 target or 5.00% above today’s $49.09 share price. The 8 months bullish chart indicates low risk for the $4.61B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $51.54 price target is reached, the company will be worth $230.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 307,452 shares traded hands. Webster Financial Corporation (NYSE:WBS) has risen 32.46% since April 21, 2016 and is uptrending. It has outperformed by 27.13% the S&P500.

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 $51.65M for 22.31 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 firm earned “Sector Perform” rating on Friday, January 22 by RBC Capital Markets. The rating was upgraded by Guggenheim to “Buy” on Friday, January 15. The company was maintained on Friday, October 9 by Barclays Capital. Zacks upgraded Webster Financial Corporation (NYSE:WBS) on Tuesday, September 1 to “Sell” rating. The stock of Webster Financial Corporation (NYSE:WBS) has “Market Perform” rating given on Monday, November 14 by Wells Fargo. The company was upgraded on Monday, January 18 by Guggenheim. The stock of Webster Financial Corporation (NYSE:WBS) has “Hold” rating given on Tuesday, September 8 by Zacks. On Monday, March 21 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Underweight” rating given by Piper Jaffray on Wednesday, November 16. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, August 5.

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 dropped, 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.
Moreover, Nationwide Fund Advsrs has 0.04% invested in Webster Financial Corporation (NYSE:WBS) for 255,231 shares. Weaver C Barksdale Associates accumulated 112 shares or 0.01% of the stock. Ubs Asset Management Americas Inc has 0.02% invested in the company for 416,255 shares. Us Fincl Bank De holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 3,371 shares. Pnc Fincl Svcs Gp holds 0% or 8,477 shares in its portfolio. Gsa Capital Llp, a United Kingdom-based fund reported 27,888 shares. Deutsche State Bank Ag holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 107,412 shares. Wolverine Asset Ltd, a Illinois-based fund reported 8,672 shares. Cetera Advsrs Ltd Liability Company accumulated 0.05% or 19,479 shares. Northern Tru Corp has 0.03% invested in the company for 2.80 million shares. Manufacturers Life Insurance Co The has 0.01% invested in the company for 182,464 shares. Teachers Retirement Systems Of The State Of Kentucky has 0.03% invested in the company for 61,380 shares. Brandywine Lc accumulated 0.07% or 295,616 shares. Vaughan Nelson Inv Lp last reported 2.28 million shares in the company. Massachusetts Financial Ma accumulated 0.01% or 294,958 shares.

Insider Transactions: Since July 28, 2016, the stock had 1 insider purchase, and 13 insider sales for $2.05 million net activity. OSAR KAREN R sold $503,305 worth of stock. 8,496 shares were sold by CIULLA JOHN R, worth $344,789. 4,468 shares were sold by BLEY DANIEL, worth $177,560 on Tuesday, October 25. Another trade for 1,200 shares valued at $48,588 was sold by CRAWFORD JOHN JOSEPH. Another trade for 8,851 shares valued at $318,902 was sold by WOLFE HARRIET MUNRETT. On Thursday, July 28 MADAR GREGORY sold $18,061 worth of the stock or 500 shares. FLYNN ELIZABETH E also bought $104,313 worth of Webster Financial Corporation (NYSE:WBS) on Wednesday, August 3.

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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