Reaffirmed: Webster Financial (NYSE:WBS) Equal-Weight Rating Reiterated by Barclays; $70 Target in Place

July 21, 2018 - By Mary Gaskins

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Investors sentiment decreased to 0.92 in Q1 2018. Its down 0.24, from 1.16 in 2017Q4. It is negative, as 18 investors sold Webster Financial Corporation shares while 97 reduced holdings. 39 funds opened positions while 67 raised stakes. 85.03 million shares or 0.10% less from 85.11 million shares in 2017Q4 were reported.

Cna Fin reported 0.27% of its portfolio in Webster Financial Corporation (NYSE:WBS). First Quadrant Ltd Partnership Ca has invested 0.02% in Webster Financial Corporation (NYSE:WBS). Westport Asset Mngmt owns 1,100 shares. Da Davidson And owns 6,466 shares for 0.01% of their portfolio. Stifel has 89,687 shares. Victory Cap Mgmt holds 46,392 shares. Riverhead Capital Mgmt has invested 0.02% of its portfolio in Webster Financial Corporation (NYSE:WBS). Ls Advsr Limited Liability owns 5,293 shares. Pub Employees Retirement Association Of Colorado reported 278,149 shares. Shelton Capital Management reported 6,509 shares. Parametric Limited Com owns 86,236 shares or 0% of their US portfolio. Moreover, Hanseatic Mgmt Services has 0.06% invested in Webster Financial Corporation (NYSE:WBS) for 1,072 shares. Swiss Bancorporation stated it has 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS). Fred Alger invested in 0% or 8,163 shares. Tortoise Invest Mngmt Ltd Liability reported 100 shares.

Since January 25, 2018, it had 0 insider purchases, and 9 selling transactions for $5.85 million activity. Pettie Mark sold $185,415 worth of stock. $147,100 worth of Webster Financial Corporation (NYSE:WBS) was sold by MORRIS DAWN C on Monday, April 23. CRAWFORD JOHN JOSEPH had sold 4,000 shares worth $244,120 on Friday, May 4. SMITH JAMES COPENHAVER also sold $3.63M worth of Webster Financial Corporation (NYSE:WBS) shares. $274,565 worth of Webster Financial Corporation (NYSE:WBS) shares were sold by BECKER JOEL S. The insider MORSE LAURENCE C sold $448,514.

Webster Financial (NYSE:WBS) Rating Reaffirmed

New York: In a report revealed to clients and investors on Friday morning, Barclays reconfirmed their Equal-Weight rating on Webster Financial (NYSE:WBS) shares. They now have a $70 TP on the firm. Barclays’s target gives a potential upside of 4.54 % from the company’s last close price.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Among 11 analysts covering Webster Financial (NYSE:WBS), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Webster Financial has $75.0 highest and $45 lowest target. $62.50’s average target is -6.66% below currents $66.96 stock price. Webster Financial had 15 analyst reports since January 24, 2018 according to SRatingsIntel. As per Wednesday, January 24, the company rating was maintained by JP Morgan. The firm has “Equal-Weight” rating given on Wednesday, July 11 by Barclays Capital. The firm earned “Underweight” rating on Friday, January 26 by Morgan Stanley. On Wednesday, January 24 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Buy”. Morgan Stanley maintained the shares of WBS in report on Tuesday, April 24 with “Underweight” rating. The stock has “Hold” rating by Piper Jaffray on Monday, April 23. The stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Boenning & Scattergood on Wednesday, January 24. Boenning & Scattergood maintained Webster Financial Corporation (NYSE:WBS) on Friday, April 20 with “Hold” rating. The stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Sandler O’Neill on Tuesday, January 23.

The stock decreased 0.53% or $0.36 during the last trading session, reaching $66.96. About 832,409 shares traded or 74.53% up from the average. Webster Financial Corporation (NYSE:WBS) has risen 29.99% since July 21, 2017 and is uptrending. It has outperformed by 17.42% the S&P500.

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 $6.17 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 23.09 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.

More news for Webster Financial Corporation (NYSE:WBS) were recently published by: Benzinga.com, which released: “Earnings Scheduled For July 19, 2018” on July 19, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for Webster Financial, Chimerix, Commerce Bancshares, Teligent, Pinnacle …” and published on June 29, 2018 is yet another important article.

Webster Financial Corporation (NYSE:WBS) Institutional Positions Chart

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