Today’s Stock On Watch: What’s in Webster Financial Corporation After Reaching 52-Week High?

Today's Stock On Watch: What's in Webster Financial Corporation After Reaching 52 Week High?

The stock of Webster Financial Corporation (NYSE:WBS) hit a new 52-week high and has $53.30 target or 8.00% above today’s $49.35 share price. The 8 months bullish chart indicates low risk for the $4.48B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $53.30 price target is reached, the company will be worth $358.40M 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 765,703 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.

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 $49.93 million for 22.43 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 company was upgraded on Tuesday, September 8 by Zacks. On Friday, October 9 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating given by Guggenheim on Friday, January 15. The firm has “Buy” rating given on Monday, January 18 by Guggenheim. On Monday, March 21 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, August 5. Zacks upgraded Webster Financial Corporation (NYSE:WBS) on Tuesday, September 22 to “Buy” rating. The stock has “Sell” rating given by Zacks on Tuesday, September 1. FBR Capital maintained Webster Financial Corporation (NYSE:WBS) on Monday, October 24 with “Mkt Perform” rating. JP Morgan upgraded it to “Overweight” rating and $45 target price in Tuesday, November 24 report.

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.
Security has 0% invested in the company for 250 shares. The United Kingdom-based Gsa Cap Prtn Ltd Liability Partnership has invested 0.05% in Webster Financial Corporation (NYSE:WBS). Schwab Charles Investment owns 401,680 shares or 0.02% of their US portfolio. Quantbot Limited Partnership holds 0.12% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 33,527 shares. First Midwest National Bank Trust Division has 0.04% invested in the company for 8,689 shares. Suntrust Banks Inc has invested 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS). Federated Pa has 421,068 shares for 0.04% of their US portfolio. Highlander Capital accumulated 2,000 shares or 0.06% of the stock. The Ontario – Canada-based Td Asset Mngmt has invested 0% in Webster Financial Corporation (NYSE:WBS). Smith Graham Investment Advisors L P, a Texas-based fund reported 174,100 shares. Fisher Asset Management Lc holds 0.16% or 2.53M shares in its portfolio. Checchi Capital Advisers Limited Liability Corporation owns 773 shares or 0% of their US portfolio. Nicholas Invest Ptnrs Limited Partnership holds 0.25% or 104,442 shares in its portfolio. Swiss State Bank last reported 153,300 shares in the company. State Treasurer State Of Michigan last reported 36,750 shares in the company.

Insider Transactions: Since July 28, 2016, the stock had 1 buy, and 13 selling transactions for $2.05 million net activity. The insider CRAWFORD JOHN JOSEPH sold 1,200 shares worth $48,588. Another trade for 500 shares valued at $18,804 was made by MADAR GREGORY on Tuesday, October 25. $318,902 worth of Webster Financial Corporation (NYSE:WBS) was sold by WOLFE HARRIET MUNRETT. The insider BLEY DANIEL sold 4,468 shares worth $177,560. OSAR KAREN R had sold 12,500 shares worth $503,305 on Tuesday, November 1. FLYNN ELIZABETH E bought $104,313 worth of Webster Financial Corporation (NYSE:WBS) on Wednesday, August 3. On Friday, October 28 JACOBI C MICHAEL sold $182,961 worth of the stock or 4,552 shares.

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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