How Many Webster Financial Corporation (NYSE:WBS)’s Analysts Are Bearish?

June 12, 2018 - By Louis Casey

Webster Financial Corporation (NYSE:WBS) LogoInvestors sentiment decreased to 0.92 in 2018 Q1. Its down 0.24, from 1.16 in 2017Q4. It dropped, 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.
Invesco Limited reported 0.02% of its portfolio in Webster Financial Corporation (NYSE:WBS). Laurion Cap Mgmt L P holds 5,021 shares or 0% of its portfolio. Cetera Advsr Ltd stated it has 25,343 shares. Legal General Gru Public Ltd has 122,538 shares. Prescott Gru Cap Management Ltd Com has invested 0.15% in Webster Financial Corporation (NYSE:WBS). Putnam Investments Limited Co holds 0.12% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 950,483 shares. Susquehanna Gru Llp has 0% invested in Webster Financial Corporation (NYSE:WBS). United Svcs Automobile Association holds 0% or 13,987 shares. 14,652 are held by Essex Financial Svcs. Yhb Invest Advsrs Inc holds 4,448 shares or 0.04% of its portfolio. Oregon-based Tygh Cap Management has invested 0.76% in Webster Financial Corporation (NYSE:WBS). Jcsd Cap Ltd Liability Company reported 0.61% of its portfolio in Webster Financial Corporation (NYSE:WBS). Rhumbline Advisers has 190,067 shares for 0.02% of their portfolio. New Mexico Educational Retirement Board holds 0.05% or 25,348 shares. Deutsche Bank & Trust Ag holds 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 234,213 shares.

Since January 25, 2018, it had 0 insider buys, and 9 insider sales for $5.85 million activity. 5,064 Webster Financial Corporation (NYSE:WBS) shares with value of $274,565 were sold by BECKER JOEL S. Another trade for 4,000 shares valued at $244,120 was sold by CRAWFORD JOHN JOSEPH. MORRIS DAWN C also sold $147,100 worth of Webster Financial Corporation (NYSE:WBS) shares. MORSE LAURENCE C sold $448,514 worth of stock. 3,291 Webster Financial Corporation (NYSE:WBS) shares with value of $185,415 were sold by Pettie Mark. 60,000 Webster Financial Corporation (NYSE:WBS) shares with value of $3.63M were sold by SMITH JAMES COPENHAVER.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Among 12 analysts covering Webster Financial (NYSE:WBS), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Webster Financial had 18 analyst reports since December 21, 2017 according to SRatingsIntel. The stock has “Buy” rating by Barclays Capital on Tuesday, January 2. Wells Fargo maintained Webster Financial Corporation (NYSE:WBS) rating on Tuesday, January 9. Wells Fargo has “Hold” rating and $60.0 target. On Thursday, April 19 the stock rating was maintained by Jefferies with “Hold”. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Wednesday, January 24 by Jefferies. The stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Boenning & Scattergood on Friday, April 20. The rating was maintained by Piper Jaffray with “Hold” on Monday, April 23. Morgan Stanley maintained the shares of WBS in report on Friday, January 26 with “Underweight” rating. JP Morgan maintained Webster Financial Corporation (NYSE:WBS) on Wednesday, January 24 with “Overweight” rating. Keefe Bruyette & Woods maintained Webster Financial Corporation (NYSE:WBS) on Monday, February 26 with “Buy” rating. Below is a list of Webster Financial Corporation (NYSE:WBS) latest ratings and price target changes.

04/05/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $61 New Target: $64 Maintain
24/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $56 New Target: $59 Maintain
23/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $60.0000 Maintain
20/04/2018 Broker: Boenning & Scattergood Rating: Hold Maintain
19/04/2018 Broker: Jefferies Rating: Hold New Target: $63.0000 Maintain
22/03/2018 Broker: UBS Rating: Neutral New Target: $45 Initiates Coverage On
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $75.0 Maintain
26/01/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $54 New Target: $56 Maintain
24/01/2018 Broker: Jefferies Rating: Hold New Target: $62.0 Maintain
24/01/2018 Broker: Boenning & Scattergood Rating: Hold Maintain

The stock increased 0.29% or $0.19 during the last trading session, reaching $66.74. About 117,926 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 29.99% since June 12, 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 $6.15 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 23.01 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: Fool.com, which released: “3 Top Bank Stocks to Buy Right Now” on May 20, 2018. Businesswire.com‘s article titled: “Glancy Prongay & Murray LLP Announces Investigation on Behalf of Webster Financial Corporation Investors (WBS)” and published on May 22, 2018 is yet another important article.

Webster Financial Corporation (NYSE:WBS) Institutional Positions Chart

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