Webster Financial Corporation (NYSE:WBS) Receives $74.25 Consensus PT from Analysts

Webster Financial Corporation (NYSE:WBS) has earned an average rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $74.25.

WBS has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Royal Bank Of Canada lifted their target price on Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd. Finally, Barclays upped their price target on Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd.

Institutional Trading of Webster Financial

Several institutional investors have recently added to or reduced their stakes in the stock. BOKF NA bought a new stake in shares of Webster Financial in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Webster Financial during the third quarter worth $29,000. New England Capital Financial Advisors LLC lifted its holdings in Webster Financial by 246.8% in the first quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock valued at $30,000 after buying an additional 311 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Webster Financial in the fourth quarter valued at $31,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Webster Financial in the third quarter valued at $33,000. 85.58% of the stock is currently owned by institutional investors.

Webster Financial Stock Performance

NYSE:WBS opened at $77.57 on Friday. The stock has a market cap of $12.57 billion, a P/E ratio of 12.61 and a beta of 1.01. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average is $77.32 and its 200-day moving average is $73.74. Webster Financial has a 1-year low of $52.69 and a 1-year high of $79.74.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $769.23 million during the quarter, compared to analyst estimates of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. Equities research analysts anticipate that Webster Financial will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Webster Financial’s payout ratio is currently 26.02%.

Webster Financial Company Profile

Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.

In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.