Webster Financial Co. (NYSE:WBS) Receives $64.33 Consensus PT from Analysts

Webster Financial Co. (NYSE:WBSGet Rating) has been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $64.33.

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on Webster Financial from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, March 21st. Zacks Investment Research downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Tuesday, April 12th. TheStreet lowered shares of Webster Financial from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. StockNews.com lowered Webster Financial from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Finally, Raymond James upgraded shares of Webster Financial from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $65.00 to $73.00 in a research report on Friday, January 21st.

Webster Financial stock opened at $48.31 on Friday. The business’s 50-day simple moving average is $52.64 and its two-hundred day simple moving average is $56.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $8.68 billion, a PE ratio of 15.58 and a beta of 1.28. Webster Financial has a fifty-two week low of $44.96 and a fifty-two week high of $65.00.

Webster Financial (NYSE:WBSGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. Webster Financial had a return on equity of 11.74% and a net margin of 19.35%. The firm had revenue of $498.30 million during the quarter, compared to the consensus estimate of $479.64 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue was up 65.8% compared to the same quarter last year. As a group, analysts predict that Webster Financial will post 5.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, May 11th. Webster Financial’s dividend payout ratio is currently 51.61%.

In other news, Director William L. Atwell purchased 2,500 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was acquired at an average price of $53.43 per share, for a total transaction of $133,575.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Bley sold 4,000 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $60.18, for a total value of $240,720.00. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WBS. Credit Suisse AG lifted its stake in Webster Financial by 4.2% during the 3rd quarter. Credit Suisse AG now owns 105,236 shares of the financial services provider’s stock worth $5,731,000 after acquiring an additional 4,277 shares in the last quarter. rhino investment partners Inc acquired a new stake in shares of Webster Financial during the third quarter worth about $11,727,000. TD Asset Management Inc. boosted its stake in shares of Webster Financial by 93.0% in the fourth quarter. TD Asset Management Inc. now owns 505,466 shares of the financial services provider’s stock valued at $28,225,000 after purchasing an additional 243,617 shares during the period. New York State Teachers Retirement System increased its stake in Webster Financial by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 147,346 shares of the financial services provider’s stock worth $8,228,000 after buying an additional 1,845 shares during the period. Finally, Creative Planning lifted its holdings in Webster Financial by 7.7% during the 3rd quarter. Creative Planning now owns 6,114 shares of the financial services provider’s stock worth $333,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 45.99% of the company’s stock.

Webster Financial Company Profile (Get Rating)

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking.

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Analyst Recommendations for Webster Financial (NYSE:WBS)

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