$0.66 EPS Expected for Webster Financial Co. (WBS) This Quarter

Wall Street analysts predict that Webster Financial Co. (NYSE:WBS) will announce $0.66 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Webster Financial’s earnings, with estimates ranging from $0.65 to $0.68. Webster Financial posted earnings of $0.60 per share during the same quarter last year, which would suggest a positive year over year growth rate of 10%. The company is expected to announce 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 financial year, analysts anticipate that the business will post earnings of $2.91 per share, with EPS estimates ranging from $2.75 to $3.39. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Webster Financial.

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

WBS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 price objective on shares of Webster Financial in a research note on Friday, October 20th. Deutsche Bank lifted their price objective 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. Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a research note on Friday, October 20th. Wells Fargo & Company raised their price target on shares of Webster Financial from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, ValuEngine downgraded shares of Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $55.89.

In related news, EVP Daniel Bley sold 1,486 shares of Webster Financial stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $54.74, for a total transaction of $81,343.64. Following the sale, the executive vice president now directly owns 25,547 shares in the company, valued at $1,398,442.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman James Copenhaver Smith sold 8,943 shares of Webster Financial stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $55.93, for a total transaction of $500,181.99. Following the sale, the chairman now owns 316,103 shares in the company, valued at $17,679,640.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,107 shares of company stock valued at $1,988,452. 2.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Chilton Investment Co. LLC bought a new stake in shares of Webster Financial in the 2nd quarter valued at approximately $2,994,000. Rhumbline Advisers lifted its holdings in shares of Webster Financial by 9.7% during the third quarter. Rhumbline Advisers now owns 201,660 shares of the financial services provider’s stock worth $10,597,000 after buying an additional 17,810 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Webster Financial by 65.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,826 shares of the financial services provider’s stock worth $1,819,000 after buying an additional 13,781 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Webster Financial during the second quarter worth approximately $7,481,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Webster Financial by 3,821.0% during the second quarter. Victory Capital Management Inc. now owns 804,776 shares of the financial services provider’s stock worth $42,026,000 after buying an additional 784,251 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Webster Financial (WBS) traded up $0.86 during midday trading on Friday, reaching $57.23. 416,100 shares of the company traded hands, compared to its average volume of 696,961. The stock has a market capitalization of $5,586.25, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23. Webster Financial has a 52-week low of $44.04 and a 52-week high of $59.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.81.

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About Webster Financial

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

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