Webster Financial Co. (NYSE:WBS) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $59.82.
WBS has been the topic of several research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 target price on shares of Webster Financial in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Webster Financial from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, December 20th. Barclays set a $55.00 price target on shares of Webster Financial and gave the stock a “hold” rating in a research report on Friday, October 20th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a research report on Friday, October 20th. Finally, ValuEngine lowered shares of Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.
In other Webster Financial news, Director Joel S. Becker sold 5,064 shares of Webster Financial stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $54.22, for a total transaction of $274,570.08. Following the transaction, the director now directly owns 58,283 shares of the company’s stock, valued at $3,160,104.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Bley sold 2,917 shares of Webster Financial stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $58.27, for a total transaction of $169,973.59. Following the transaction, the executive vice president now directly owns 19,804 shares in the company, valued at $1,153,979.08. The disclosure for this sale can be found here. Insiders have sold 11,272 shares of company stock worth $629,959 over the last 90 days. 2.20% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in Webster Financial during the third quarter worth about $202,000. Advisor Group Inc. raised its stake in Webster Financial by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 474 shares during the period. PNC Financial Services Group Inc. raised its stake in Webster Financial by 4.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 195 shares during the period. Fox Run Management L.L.C. purchased a new position in Webster Financial during the fourth quarter worth about $264,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Webster Financial by 39.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,353 shares during the period. 94.75% of the stock is currently owned by institutional investors.
Shares of Webster Financial (NYSE WBS) traded up $0.79 during midday trading on Wednesday, hitting $57.18. 435,594 shares of the stock traded hands, compared to its average volume of 573,937. Webster Financial has a 1-year low of $44.04 and a 1-year high of $60.32. The firm has a market capitalization of $5,193.58, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74.
Webster Financial (NYSE:WBS) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. Webster Financial had a net margin of 21.77% and a return on equity of 9.91%. The business had revenue of $270.97 million for the quarter, compared to analyst estimates of $269.64 million. During the same quarter last year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts expect that Webster Financial will post 3.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $1.04 dividend on an annualized basis and a yield of 1.82%. Webster Financial’s payout ratio is presently 39.10%.
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About Webster Financial
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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