Webster Financial Co. (WBS) Receives $54.88 Consensus Target Price from Analysts

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.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/12/06/webster-financial-co-wbs-receives-54-88-consensus-target-price-from-analysts.html.

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.

Analyst Recommendations for Webster Financial (NYSE:WBS)

Receive News & Ratings for Webster Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply