Webster Financial Corporation (WBS) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of Webster Financial Corporation (NYSE:WBS) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other equities analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reiterated a buy rating and set a $63.00 target price on shares of Webster Financial Corporation in a research report on Friday, October 20th. Boenning Scattergood reiterated a hold rating on shares of Webster Financial Corporation in a research report on Friday, October 20th. BidaskClub cut Webster Financial Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Wells Fargo & Company boosted their target price on Webster Financial Corporation from $50.00 to $55.00 and gave the stock a market perform rating in a research report on Friday, October 20th. Finally, Barclays PLC set a $55.00 price target on Webster Financial Corporation and gave the stock a hold rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $55.22.

Webster Financial Corporation (NYSE WBS) remained flat at $$52.84 during trading on Tuesday. 214,400 shares of the stock traded hands, compared to its average volume of 712,246. The firm has a market capitalization of $4,865.23, a PE ratio of 20.89, a P/E/G ratio of 2.54 and a beta of 1.23. Webster Financial Corporation has a 1 year low of $44.04 and a 1 year high of $57.50. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69.

Webster Financial Corporation (NYSE:WBS) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. The firm had revenue of $266.75 million for the quarter, compared to analysts’ expectations of $269.03 million. During the same quarter in the previous year, the firm posted $0.54 EPS. equities research analysts predict that Webster Financial Corporation will post 2.6 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.97%. Webster Financial Corporation’s dividend payout ratio (DPR) is presently 41.11%.

In related news, EVP Daniel Bley sold 1,486 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $54.74, for a total value of $81,343.64. Following the completion of the transaction, the executive vice president now owns 25,547 shares of the company’s stock, valued at approximately $1,398,442.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen R. Osar sold 12,923 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total transaction of $706,888.10. Following the completion of the transaction, the director now directly owns 36,984 shares of the company’s stock, valued at approximately $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock worth $1,988,452 in the last quarter. Company insiders own 2.20% of the company’s stock.

Several large investors have recently modified their holdings of the business. Seven Eight Capital LP acquired a new stake in shares of Webster Financial Corporation in the 2nd quarter valued at $141,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Webster Financial Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 274 shares during the period. Advisor Group Inc. increased its stake in Webster Financial Corporation by 13.3% in the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 474 shares during the period. BB&T Securities LLC bought a new stake in Webster Financial Corporation in the second quarter valued at about $212,000. Finally, HighTower Advisors LLC bought a new stake in Webster Financial Corporation in the first quarter valued at about $215,000. 93.94% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

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