Barclays Downgrades Webster Financial Corporation to Equal-weight

Brokerage firm Barclays Downgrades its rating on Webster Financial Corporation(NYSE:WBS). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Barclays was issued on Aug 5, 2016.

In a different note, On Jul 7, 2016, JP Morgan said it Maintains its rating on Webster Financial Corporation. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Overweight’ by the firm.

Webster Financial Corporation (WBS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.27% or 0.1 points. Due to strong positive momentum, the stock ended at $37.03, which is also near the day’s high of $37.22. The stock began the session at $36.95 and the volume stood at 6,31,804 shares. The 52-week high of the shares is $40.72 and the 52 week low is $30.09. The company has a current market capitalization of $3,395 M and it has 9,16,74,484 shares in outstanding.

Webster Financial Corporation(WBS) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $176.91M. Analysts had an estimated revenue of $177.92M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Elizabeth E Flynn (director) purchased 2,900 shares at $35.97 per share price.Also, On Aug 2, 2016, Harriet Munrett Wolfe (EVP – General Counsel) sold 8,851 shares at $36.03 per share price.On Aug 2, 2016, Daniel Bley (EVP-Chief Risk Officer) sold 5,153 shares at $36.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporation’s principal assets include the outstanding capital stock of Webster Bank National Association (Webster Bank). Webster through Webster Bank and non-banking financial services subsidiaries delivers financial services to individuals families and businesses. Webster Bank provides commercial small business and consumer banking mortgage lending financial planning and trust and investment services through banking centers automatic teller machines telephone banking mobile banking and online banking through The Company operates in three segments: Commercial Banking Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending deposit and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

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