Webster Financial Corp (NYSE:WBS) Institutional Investors 2016 Q4 Sentiment

July 17, 2017 - By Marguerite Chambers

 Webster Financial Corp (NYSE:WBS) Institutional Investors  2016 Q4 Sentiment

Sentiment for Webster Financial Corp (NYSE:WBS)

Webster Financial Corp (NYSE:WBS) institutional sentiment increased to 1 in Q4 2016. Its up 0.07, from 0.93 in 2016Q3. The ratio improved, as 112 institutional investors started new or increased holdings, while 112 sold and reduced their positions in Webster Financial Corp. The institutional investors in our partner’s database reported: 88.15 million shares, down from 88.32 million shares in 2016Q3. Also, the number of institutional investors holding Webster Financial Corp in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 21 Reduced: 91 Increased: 69 New Position: 43.

Webster Financial Corporation is a bank and financial holding company. The company has market cap of $4.89 billion. The Company’s divisions include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. It has a 23.32 P/E ratio. The Commercial Banking segment includes middle-market, asset lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

The stock increased 0.58% or $0.31 during the last trading session, reaching $53.47. About 658,399 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 33.32% since July 17, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Investors wait Webster Financial Corporation (NYSE:WBS) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.60 earnings per share, up $0.07 or 13.21 % from last year’s $0.53 same quarter earnings. This translates into $54.87M profit for WBS giving the stock a 22.28 P/E. This is assuming the current $0.60 EPS is accurate. Webster Financial Corporation’s Wall Street analysts see -3.23 % negative EPS growth, taking into account the $0.62 EPS reproted in the previous quarter,

Copper Rock Capital Partners Llc holds 3.06% of its portfolio in Webster Financial Corporation for 880,328 shares. Netols Asset Management Inc. owns 181,412 shares or 2.03% of their US portfolio. Moreover, Polaris Capital Management Llc has 2.01% invested in the company for 573,641 shares. The New York-based Tricadia Capital Management Llc has invested 1.4% in the stock. Hartford Financial Management Inc., a Connecticut-based fund reported 38,353 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 17 insider sales for $12.70 million activity.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Ratings analysis reveals 50% of Webster Financial’s analysts are positive. Out of 14 Wall Street analysts rating Webster Financial, 7 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $35 while the high is $60. The stock’s average target of $45 is -15.84% below today’s ($53.47) share price. WBS was included in 31 notes of analysts from July 20, 2015. The stock of Webster Financial Corporation (NYSE:WBS) has “Sell” rating given on Thursday, July 13 by Piper Jaffray. The stock of Webster Financial Corporation (NYSE:WBS) earned “Market Perform” rating by Wells Fargo on Monday, November 14. The company was upgraded on Tuesday, September 22 by Zacks. As per Monday, January 18, the company rating was upgraded by Guggenheim. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 9. The stock of Webster Financial Corporation (NYSE:WBS) has “Hold” rating given on Friday, June 9 by Jefferies. Barclays Capital maintained the stock with “Overweight” rating in Monday, March 21 report. On Monday, October 24 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was downgraded by Barclays Capital on Friday, August 5 to “Equal-Weight”. FBR Capital maintained Webster Financial Corporation (NYSE:WBS) rating on Monday, January 25. FBR Capital has “Mkt Perform” rating and $35 target.

More notable recent Webster Financial Corporation (NYSE:WBS) news were published by: Prnewswire.com which released: “Webster Executive Vice Chairman Joseph J. Savage to Retire” on May 04, 2017, also Seekingalpha.com with their article: “Webster Financial’s (WBS) CEO Jim Smith on Q1 2017 Results – Earnings Call …” published on April 21, 2017, Nasdaq.com published: “Webster Financial Corporation (WBS) Ex-Dividend Date Scheduled for February 10 …” on February 09, 2017. More interesting news about Webster Financial Corporation (NYSE:WBS) were released by: Prnewswire.com and their article: “Chief Financial Officer Named for HSA Bank” published on April 10, 2017 as well as Seekingalpha.com‘s news article titled: “Webster Financial’s (WBS) CEO James Smith on Q4 2016 Results – Earnings Call …” with publication date: January 19, 2017.

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