Equities research analysts forecast that Webster Financial Co. (NYSE:WBS) will report $0.79 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Webster Financial’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.80. Webster Financial reported earnings per share of $0.62 in the same quarter last year, which suggests a positive year over year growth rate of 27.4%. The company is scheduled to report its next quarterly earnings report on Friday, April 20th.
According to Zacks, analysts expect that Webster Financial will report full year earnings of $3.37 per share for the current year, with EPS estimates ranging from $3.28 to $3.54. For the next year, analysts anticipate that the business will post earnings of $3.68 per share, with EPS estimates ranging from $3.60 to $4.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Webster Financial.
Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. Webster Financial had a return on equity of 9.91% and a net margin of 21.77%. The firm had revenue of $270.97 million for the quarter, compared to analysts’ expectations of $269.64 million. During the same quarter last year, the business earned $0.60 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year.
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $71.00 price objective 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 price objective on the stock in a report on Wednesday, December 20th. ValuEngine cut Webster Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Deutsche Bank lifted their price objective on Webster Financial from $51.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.82.
Shares of Webster Financial (WBS) traded down $1.14 on Tuesday, reaching $55.44. The company’s stock had a trading volume of 485,967 shares, compared to its average volume of 547,553. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82. Webster Financial has a 12-month low of $44.04 and a 12-month high of $60.32. The company has a market capitalization of $5,196.34, a PE ratio of 20.84, a P/E/G ratio of 2.09 and a beta of 1.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, February 12th. Webster Financial’s dividend payout ratio (DPR) is presently 39.10%.
In related news, EVP Daniel Bley sold 2,917 shares of Webster Financial stock in a transaction that occurred 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 sale, the executive vice president now owns 19,804 shares of the company’s stock, valued at approximately $1,153,979.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Pettie sold 3,291 shares of Webster Financial stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $56.34, for a total value of $185,414.94. Following the completion of the sale, the director now directly owns 16,405 shares in the company, valued at approximately $924,257.70. The disclosure for this sale can be found here. Insiders have sold a total of 11,272 shares of company stock worth $629,959 in the last quarter. 2.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in WBS. First Trust Advisors LP raised its position in Webster Financial by 10.1% in the 3rd quarter. First Trust Advisors LP now owns 31,884 shares of the financial services provider’s stock valued at $1,676,000 after buying an additional 2,918 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Webster Financial in the 3rd quarter valued at approximately $456,000. State Board of Administration of Florida Retirement System raised its position in Webster Financial by 3.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 62,086 shares of the financial services provider’s stock valued at $3,263,000 after buying an additional 2,150 shares during the last quarter. State of Tennessee Treasury Department raised its position in Webster Financial by 150.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 100,000 shares of the financial services provider’s stock valued at $5,255,000 after buying an additional 60,000 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Webster Financial during the 3rd quarter worth approximately $87,888,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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