Webster Financial Co. (NYSE:WBS – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $60.31.
WBS has been the topic of several recent analyst reports. Stephens set a $58.00 price objective on Webster Financial in a research note on Thursday, October 17th. StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a report on Friday, December 6th. JPMorgan Chase & Co. cut their target price on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Barclays increased their price target on shares of Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Wedbush lifted their target price on shares of Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, October 18th.
Read Our Latest Stock Analysis on Webster Financial
Insider Buying and Selling
Institutional Investors Weigh In On Webster Financial
A number of large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Webster Financial in the 3rd quarter valued at $27,000. UMB Bank n.a. grew its stake in shares of Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after buying an additional 460 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in Webster Financial during the second quarter worth about $32,000. Brooklyn Investment Group purchased a new position in Webster Financial in the 3rd quarter valued at approximately $53,000. Finally, NBC Securities Inc. grew its stake in Webster Financial by 117.9% during the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.
Webster Financial Stock Performance
Shares of Webster Financial stock opened at $54.99 on Friday. Webster Financial has a twelve month low of $39.33 and a twelve month high of $63.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 0.87 and a beta of 1.29. The company’s fifty day moving average is $56.74 and its 200 day moving average is $49.06.
Webster Financial (NYSE:WBS – Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The company had revenue of $647.62 million during the quarter, compared to the consensus estimate of $677.72 million. During the same period last year, the firm posted $1.55 earnings per share. Sell-side analysts forecast that Webster Financial will post 5.24 EPS for the current year.
Webster Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.91%. Webster Financial’s dividend payout ratio is currently 36.28%.
Webster Financial Company Profile
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.
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