$0.66 Earnings Per Share Expected for Webster Financial Co. (WBS) This Quarter

Equities analysts expect that Webster Financial Co. (NYSE:WBS) will post earnings of $0.66 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Webster Financial’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.65. Webster Financial reported earnings per share of $0.60 in the same quarter last year, which would suggest a positive year over year growth rate of 10%. The firm is scheduled to issue its next earnings report on Thursday, January 18th.

According to Zacks, analysts expect that Webster Financial will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.63. For the next year, analysts anticipate that the company will report earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Webster Financial.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $266.75 million during the quarter, compared to the consensus estimate of $269.03 million. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. During the same quarter in the previous year, the company posted $0.54 EPS.

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 target price on shares of Webster Financial in a research note on Friday, October 20th. Barclays set a $55.00 target price on shares of Webster Financial and gave the company a “hold” rating in a research note on Friday, October 20th. Wells Fargo & Company boosted their target price on shares of Webster Financial from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial in a research note on Friday, October 20th. Finally, Deutsche Bank boosted their target price on shares of Webster Financial from $51.00 to $53.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Two 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. Webster Financial currently has a consensus rating of “Hold” and an average target price of $55.22.

In other Webster Financial news, EVP Daniel Bley sold 1,486 shares of Webster Financial stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total value of $81,343.64. Following the completion of the sale, the executive vice president now owns 25,547 shares in the company, valued at approximately $1,398,442.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen R. Osar sold 12,923 shares of Webster Financial stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total value of $706,888.10. Following the completion of the sale, the director now 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 sold a total of 36,107 shares of company stock valued at $1,988,452 in the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Seven Eight Capital LP purchased a new stake in Webster Financial in the 2nd quarter valued at about $141,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Webster Financial 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. GSA Capital Partners LLP purchased a new stake in shares of Webster Financial during the 3rd quarter worth about $202,000. Advisor Group Inc. grew its holdings in shares of Webster Financial by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 474 shares during the period. Finally, BB&T Securities LLC purchased a new stake in shares of Webster Financial during the 2nd quarter worth about $212,000. Institutional investors own 93.52% of the company’s stock.

Webster Financial (WBS) traded up $1.45 during trading hours on Monday, hitting $58.39. The stock had a trading volume of 499,863 shares, compared to its average volume of 694,671. Webster Financial has a fifty-two week low of $44.04 and a fifty-two week high of $59.25. The firm has a market cap of $5,242.74, a P/E ratio of 22.51, a PEG ratio of 2.74 and a beta of 1.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Monday, November 6th. Webster Financial’s payout ratio is 41.11%.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/04/0-66-earnings-per-share-expected-for-webster-financial-co-wbs-this-quarter.html.

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.

Get a free copy of the Zacks research report on Webster Financial (WBS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Webster Financial (NYSE:WBS)

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

Leave a Reply