Webster Financial (WBS) Reaches $56.09 Formed H&S; Bank Of South Carolina Has 1.25 Sentiment

Webster Financial Corporation (NYSE:WBS) Logo

Bank Of South Carolina Corp (BKSC) investors sentiment increased to 1.25 in Q4 2017. It’s up 0.05, from 1.2 in 2017Q3. The ratio improved, as 5 institutional investors increased or started new stock positions, while 4 cut down and sold their stakes in Bank Of South Carolina Corp. The institutional investors in our database now have: 176,659 shares, down from 212,187 shares in 2017Q3. Also, the number of institutional investors holding Bank Of South Carolina Corp in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 4 New Position: 1.

Webster Financial Corporation (WBS) formed H&S with $51.04 target or 9.00% below today’s $56.09 share price. Webster Financial Corporation (WBS) has $5.16B valuation. The stock increased 1.67% or $0.92 during the last trading session, reaching $56.09. About 382,424 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 10.54% since April 5, 2017 and is uptrending. It has underperformed by 1.01% the S&P500.

Since October 24, 2017, it had 0 insider purchases, and 7 sales for $1.91 million activity. Pettie Mark also sold $185,415 worth of Webster Financial Corporation (NYSE:WBS) shares. On Friday, October 27 SMITH JAMES COPENHAVER sold $500,220 worth of Webster Financial Corporation (NYSE:WBS) or 8,943 shares. CRAWFORD JOHN JOSEPH had sold 11,516 shares worth $631,435. BECKER JOEL S had sold 5,064 shares worth $274,565. The insider BLEY DANIEL sold 1,239 shares worth $68,616.

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.20, from 0.96 in 2017Q3. It is positive, as 18 investors sold Webster Financial Corporation shares while 75 reduced holdings. 26 funds opened positions while 82 raised stakes. 85.11 million shares or 0.62% more from 84.59 million shares in 2017Q3 were reported. New York State Teachers Retirement Sys has 0.02% invested in Webster Financial Corporation (NYSE:WBS). Tygh Cap reported 1.25% stake. Northern Tru Corp owns 704,334 shares for 0.01% of their portfolio. Ny State Common Retirement Fund holds 0.04% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 558,999 shares. Ftb Advisors holds 0% or 415 shares. Proshare Advisors Ltd Liability holds 0.01% or 21,412 shares. Wasatch Advsrs has 1.21M shares for 0.9% of their portfolio. Moreover, Tru Of Vermont has 0% invested in Webster Financial Corporation (NYSE:WBS) for 105 shares. Brandywine Invest Mgmt Limited Co has 0% invested in Webster Financial Corporation (NYSE:WBS) for 140 shares. First Citizens Comml Bank Tru holds 4,008 shares or 0.03% of its portfolio. New Mexico Educational Retirement Board owns 0.05% invested in Webster Financial Corporation (NYSE:WBS) for 22,748 shares. Advantus Capital Mgmt invested in 11,340 shares or 0.02% of the stock. Tortoise Limited Co holds 0% or 100 shares. Brown Advisory reported 0.17% of its portfolio in Webster Financial Corporation (NYSE:WBS). Rmb Cap Ltd holds 0.3% or 202,439 shares.

Analysts await Webster Financial Corporation (NYSE:WBS) to report earnings on April, 20. They expect $0.79 earnings per share, up 27.42% or $0.17 from last year’s $0.62 per share. WBS’s profit will be $72.70 million for 17.75 P/E if the $0.79 EPS becomes a reality. After $0.65 actual earnings per share reported by Webster Financial Corporation for the previous quarter, Wall Street now forecasts 21.54% EPS growth.

Among 19 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Webster Financial had 55 analyst reports since July 20, 2015 according to SRatingsIntel. Zacks upgraded the shares of WBS in report on Tuesday, September 1 to “Sell” rating. As per Monday, November 14, the company rating was downgraded by Wells Fargo. As per Friday, January 26, the company rating was maintained by Morgan Stanley. Wood maintained it with “Buy” rating and $58 target in Monday, April 24 report. Keefe Bruyette & Woods maintained the shares of WBS in report on Sunday, July 23 with “Buy” rating. The rating was maintained by FBR Capital on Monday, January 25 with “Mkt Perform”. The stock of Webster Financial Corporation (NYSE:WBS) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, October 19. The stock of Webster Financial Corporation (NYSE:WBS) has “Hold” rating given on Wednesday, January 24 by Jefferies. The firm earned “Equal-Weight” rating on Friday, August 5 by Barclays Capital. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, February 26.

The stock decreased 2.02% or $0.4 during the last trading session, reaching $19.4. About 5,638 shares traded or 22.70% up from the average. Bank of South Carolina Corporation (BKSC) has declined 2.44% since April 5, 2017 and is downtrending. It has underperformed by 13.99% the S&P500.

Since January 1, 0001, it had 10 insider purchases, and 0 insider sales for $551,188 activity.

Bank of South Carolina Corporation operates as the holding firm for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company has market cap of $96.82 million. The firm offers a range of deposit products, including non-interest bearing accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit. It has a 20 P/E ratio. It also provides commercial real estate loans, one-to-four-family residential mortgage loans, commercial business loans, construction loans, consumer loans, and home equity loans and lines of credit.

Webster Financial Corporation (NYSE:WBS) Institutional Positions Chart