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

September 25, 2018 - By Carolyn Hewitt

Webster Financial Corporation (NYSE:WBS) LogoInvestors sentiment increased to 1.17 in 2018 Q2. Its up 0.25, from 0.92 in 2018Q1. It is positive, 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.
15,100 are held by Prescott Gp Capital Management Limited Liability Corporation. Ubs Asset Mgmt Americas Inc owns 310,697 shares. Tortoise Management Ltd Limited Liability Company holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 100 shares. Victory Mgmt invested in 52,564 shares. California State Teachers Retirement Sys reported 149,003 shares. Cibc Asset Management stated it has 0% of its portfolio in Webster Financial Corporation (NYSE:WBS). Cetera Advisors Limited Liability Corp has invested 0.09% in Webster Financial Corporation (NYSE:WBS). Fort Washington Investment Advsr Oh accumulated 284,173 shares. Westport Asset Management Inc has invested 0.04% in Webster Financial Corporation (NYSE:WBS). Lord Abbett & Lc has invested 0.27% in Webster Financial Corporation (NYSE:WBS). Alliancebernstein Ltd Partnership invested in 0.08% or 1.78 million shares. Webster Natl Bank N A stated it has 38,710 shares or 0.36% of all its holdings. Citigroup invested in 0% or 4,478 shares. Ameritas Investment Prtn Incorporated has invested 0.2% of its portfolio in Webster Financial Corporation (NYSE:WBS). Credit Agricole S A reported 36,536 shares.

Since April 23, 2018, it had 0 buys, and 8 insider sales for $5.52 million activity. Shares for $455,853 were sold by BECKER JOEL S. $97,484 worth of Webster Financial Corporation (NYSE:WBS) was sold by BLEY DANIEL. 4,000 shares were sold by CRAWFORD JOHN JOSEPH, worth $244,120. SMITH JAMES COPENHAVER also sold $3.63 million worth of Webster Financial Corporation (NYSE:WBS) shares. 3,000 shares valued at $202,544 were sold by WILKINS CHARLES L on Wednesday, July 25. 2,431 shares were sold by MORRIS DAWN C, worth $147,100.

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. On Friday, May 4 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, April 24. The company was maintained on Monday, April 23 by Piper Jaffray. The firm earned “Underweight” rating on Tuesday, September 18 by Morgan Stanley. The rating was maintained by Boenning & Scattergood with “Hold” on Friday, April 20. Jefferies maintained it with “Hold” rating and $6300 target in Thursday, April 19 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, July 20 report. The firm has “Equal-Weight” rating given on Wednesday, July 11 by Barclays Capital. The firm has “Underweight” rating given on Tuesday, July 24 by Morgan Stanley. Wells Fargo maintained Webster Financial Corporation (NYSE:WBS) on Tuesday, June 26 with “Market Perform” rating.

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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