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%.
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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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