Shares of Webster Financial Co. (NYSE:WBS) have received an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $54.88.
WBS has been the topic of several recent research reports. Deutsche Bank raised their price target on Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research lowered Webster Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a research report on Friday, October 20th. Finally, BidaskClub lowered Webster Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
Webster Financial (WBS) traded down $0.38 on Friday, reaching $56.70. The company had a trading volume of 595,015 shares, compared to its average volume of 693,790. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial has a fifty-two week low of $44.04 and a fifty-two week high of $59.25. The company has a market cap of $5,376.25, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.81 and a beta of 1.23.
Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. The business had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. During the same period last year, the company earned $0.54 EPS. equities research analysts anticipate that Webster Financial will post 2.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.83%. Webster Financial’s dividend payout ratio is currently 41.11%.
In other news, Director Karen R. Osar sold 12,923 shares of Webster Financial stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total value of $706,888.10. Following the sale, the director now directly owns 36,984 shares in the company, valued at approximately $2,023,024.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel Bley sold 1,239 shares of Webster Financial stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $55.38, for a total value of $68,615.82. Following the completion of the sale, the executive vice president now owns 22,721 shares in the company, valued at $1,258,288.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,107 shares of company stock worth $1,988,452. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds have recently modified their holdings of WBS. Seven Eight Capital LP purchased a new position in shares of Webster Financial in the 2nd quarter valued at approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Webster Financial by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 274 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Webster Financial in the 3rd quarter valued at approximately $202,000. Advisor Group Inc. lifted its stake in shares of Webster Financial by 13.3% in the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 474 shares during the period. Finally, BB&T Securities LLC purchased a new position in shares of Webster Financial in the 2nd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.
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Webster Financial Company Profile
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.
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