Webster Financial Corporation (WBS) Releases Earnings Results, Beats Expectations By $0.03 EPS

Webster Financial Corporation (NYSE:WBS) issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03, Briefing.com reports. The company had revenue of $266.75 million during the quarter, compared to analyst estimates of $269.03 million. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. During the same period in the previous year, the company earned $0.54 earnings per share.

Shares of Webster Financial Corporation (NYSE WBS) traded down 0.14% during trading on Friday, hitting $55.70. The stock had a trading volume of 502,306 shares. The stock has a 50 day moving average price of $51.78 and a 200-day moving average price of $50.78. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 23.21 and a beta of 1.26. Webster Financial Corporation has a one year low of $39.62 and a one year high of $57.50.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, November 6th. Webster Financial Corporation’s dividend payout ratio (DPR) is presently 41.11%.

TRADEMARK VIOLATION WARNING: “Webster Financial Corporation (WBS) Releases Earnings Results, Beats Expectations By $0.03 EPS” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/webster-financial-corporation-wbs-posts-earnings-results-beats-estimates-by-0-04-eps.html.

In other news, Director John Joseph Crawford sold 11,516 shares of Webster Financial Corporation stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $54.83, for a total transaction of $631,422.28. Following the completion of the transaction, the director now directly owns 16,953 shares in the company, valued at $929,532.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Bley sold 1,239 shares of Webster Financial Corporation stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $55.38, for a total transaction of $68,615.82. Following the transaction, the executive vice president now owns 22,721 shares of the company’s stock, valued at $1,258,288.98. The disclosure for this sale can be found here. Insiders have sold 46,181 shares of company stock valued at $2,421,181 over the last quarter. Company insiders own 2.20% of the company’s stock.

WBS has been the topic of a number of research reports. Zacks Investment Research upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, August 3rd. ValuEngine upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 price target on shares of Webster Financial Corporation in a research report on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 price target on shares of Webster Financial Corporation in a research report on Friday, July 14th. Finally, BidaskClub upgraded Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.11.

Webster Financial Corporation 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.

Earnings History for Webster Financial Corporation (NYSE:WBS)

Receive News & Ratings for Webster Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply