EPS for Webster Financial Corporation (WBS) Expected At $0.94

September 25, 2018 - By Vernon Rice

Webster Financial Corporation (NYSE:WBS) LogoInvestors sentiment increased to 1.17 in 2018 Q2. Its up 0.25, from 0.92 in 2018Q1. It increased, as 12 investors sold Webster Financial Corporation shares while 88 reduced holdings. 42 funds opened positions while 75 raised stakes. 83.48 million shares or 1.82% less from 85.03 million shares in 2018Q1 were reported.
Gemmer Asset Limited Liability reported 307 shares or 0.01% of all its holdings. Invesco owns 745,162 shares for 0.02% of their portfolio. Guggenheim Llc has invested 0.02% in Webster Financial Corporation (NYSE:WBS). Comml Bank invested in 0.01% or 12,500 shares. Missouri-based Amer Century has invested 0.12% in Webster Financial Corporation (NYSE:WBS). Millennium Management Ltd Liability holds 402,488 shares or 0.03% of its portfolio. Lord Abbett And Ltd Llc invested 0.27% of its portfolio in Webster Financial Corporation (NYSE:WBS). Nuveen Asset Mngmt Limited Co reported 633,205 shares. Waddell Reed Fincl Incorporated has invested 0.09% in Webster Financial Corporation (NYSE:WBS). 53,164 were accumulated by Great West Life Assurance Can. Blackrock owns 8.44M shares for 0.02% of their portfolio. Massachusetts-based Fmr Limited Liability Company has invested 0% in Webster Financial Corporation (NYSE:WBS). 15,000 are owned by Jcsd Cap Ltd Llc. California Public Employees Retirement holds 0.02% in Webster Financial Corporation (NYSE:WBS) or 210,875 shares. Northern Corp holds 0.01% or 626,467 shares.

Since April 23, 2018, it had 0 insider purchases, and 8 selling transactions for $5.52 million activity. Another trade for 3,000 shares valued at $202,544 was made by WILKINS CHARLES L on Wednesday, July 25. $455,853 worth of Webster Financial Corporation (NYSE:WBS) was sold by BECKER JOEL S on Monday, April 30. $448,514 worth of Webster Financial Corporation (NYSE:WBS) was sold by MORSE LAURENCE C on Thursday, April 26. The insider BLEY DANIEL sold $293,706. CRAWFORD JOHN JOSEPH also sold $244,120 worth of Webster Financial Corporation (NYSE:WBS) on Friday, May 4. The insider SMITH JAMES COPENHAVER sold 60,000 shares worth $3.63 million.

Analysts expect Webster Financial Corporation (NYSE:WBS) to report $0.94 EPS on October, 18.They anticipate $0.27 EPS change or 40.30 % from last quarter’s $0.67 EPS. WBS’s profit would be $86.70 million giving it 16.16 P/E if the $0.94 EPS is correct. After having $0.92 EPS previously, Webster Financial Corporation’s analysts see 2.17 % EPS growth. The stock decreased 1.40% or $0.86 during the last trading session, reaching $60.76. About 404,244 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 32.10% since September 25, 2017 and is uptrending. It has outperformed by 16.48% the S&P500.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Among 7 analysts covering Webster Financial (NYSE:WBS), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Webster Financial had 10 analyst reports since April 19, 2018 according to SRatingsIntel. As per Wednesday, July 11, the company rating was maintained by Barclays Capital. The firm has “Hold” rating by Boenning & Scattergood given on Friday, April 20. The rating was maintained by Deutsche Bank with “Hold” on Friday, May 4. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, June 26. The stock of Webster Financial Corporation (NYSE:WBS) has “Equal-Weight” rating given on Friday, July 20 by Barclays Capital. The firm earned “Hold” rating on Thursday, April 19 by Jefferies. The firm earned “Underweight” rating on Tuesday, July 24 by Morgan Stanley. Morgan Stanley maintained the shares of WBS in report on Tuesday, April 24 with “Underweight” rating. Piper Jaffray maintained Webster Financial Corporation (NYSE:WBS) on Monday, April 23 with “Hold” rating. The firm earned “Underweight” rating on Tuesday, September 18 by Morgan Stanley.

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 $5.60 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 19.47 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.

Another recent and important Webster Financial Corporation (NYSE:WBS) news was published by Bizjournals.com which published an article titled: “Analyst: Chase poses ‘significant, long-term threat to Boston banks'” on August 29, 2018.

Webster Financial Corporation (NYSE:WBS) Institutional Positions Chart

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