Shares of Webster Financial Co. (NYSE:WBS) have received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $59.50.
Several analysts recently issued reports on WBS shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $71.00 price target on shares of Webster Financial in a report on Friday, December 22nd. Zacks Investment Research upgraded Webster Financial from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, December 20th. ValuEngine cut 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 Wednesday, January 24th. Finally, Sandler O’Neill restated a “hold” rating and issued a $60.00 target price on shares of Webster Financial in a research report on Tuesday, January 23rd.
Shares of Webster Financial (WBS) traded down $0.59 during midday trading on Friday, hitting $57.25. The company had a trading volume of 71,621 shares, compared to its average volume of 544,972. The company has a market cap of $5,321.25, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 2.14 and a beta of 1.14. Webster Financial has a 1-year low of $44.04 and a 1-year high of $60.32. 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 quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $270.97 million for the quarter, compared to the consensus estimate of $269.64 million. Webster Financial had a return on equity of 9.91% and a net margin of 21.77%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. equities research analysts forecast that Webster Financial will post 3.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, February 12th. Webster Financial’s dividend payout ratio is presently 39.10%.
In other news, Director Joel S. Becker sold 5,064 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $54.22, for a total transaction of $274,570.08. Following the completion of the sale, the director now directly owns 58,283 shares of the company’s stock, valued at approximately $3,160,104.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Bley sold 2,917 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $58.27, for a total value of $169,973.59. Following the completion of the sale, the executive vice president now directly owns 19,804 shares of the company’s stock, valued at approximately $1,153,979.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,272 shares of company stock valued at $629,959. Corporate insiders own 2.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Webster Financial in the third quarter worth $202,000. Fox Run Management L.L.C. acquired a new stake in shares of Webster Financial in the fourth quarter worth $264,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Webster Financial by 39.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the financial services provider’s stock worth $269,000 after buying an additional 1,353 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Webster Financial in the fourth quarter worth $271,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Webster Financial in the fourth quarter worth $289,000. 94.63% of the stock is owned by institutional investors and hedge funds.
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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