Equities research analysts expect Webster Financial Co. (NYSE:WBS) to report $0.97 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Webster Financial’s earnings. The lowest EPS estimate is $0.95 and the highest is $1.00. Webster Financial posted earnings per share of $0.65 during the same quarter last year, which would suggest a positive year over year growth rate of 49.2%. The company is expected to issue its next earnings results on Tuesday, January 22nd.
According to Zacks, analysts expect that Webster Financial will report full-year earnings of $3.71 per share for the current year, with EPS estimates ranging from $3.62 to $3.74. For the next year, analysts forecast that the company will report earnings of $4.09 per share, with EPS estimates ranging from $4.00 to $4.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Webster Financial.
Webster Financial (NYSE:WBS) last issued its earnings results on Thursday, October 18th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.12. Webster Financial had a net margin of 25.77% and a return on equity of 12.36%. The firm had revenue of $302.66 million for the quarter, compared to analyst estimates of $299.30 million. During the same quarter last year, the business posted $0.67 earnings per share.
Several research firms have recently issued reports on WBS. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a research note on Thursday, July 19th. Barclays lifted their target price on shares of Webster Financial from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Webster Financial from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Wednesday, October 24th. ValuEngine downgraded shares of Webster Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, Wedbush reissued an “outperform” rating on shares of Webster Financial in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.50.
In other Webster Financial news, Director John Joseph Crawford sold 2,000 shares of Webster Financial stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $59.77, for a total value of $119,540.00. Following the completion of the sale, the director now directly owns 8,792 shares of the company’s stock, valued at $525,497.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WBS. Cerebellum GP LLC purchased a new position in Webster Financial in the third quarter valued at about $167,000. Qube Research & Technologies Ltd bought a new stake in shares of Webster Financial in the second quarter valued at approximately $169,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Webster Financial in the second quarter valued at approximately $201,000. Coastline Trust Co bought a new stake in shares of Webster Financial in the second quarter valued at approximately $209,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Webster Financial in the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.
Shares of WBS stock traded up $0.40 during trading hours on Friday, hitting $59.87. 15,518 shares of the company’s stock traded hands, compared to its average volume of 770,107. The company has a market capitalization of $5.43 billion, a P/E ratio of 23.07, a PEG ratio of 1.98 and a beta of 1.18. Webster Financial has a 12 month low of $51.68 and a 12 month high of $69.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, November 5th. Webster Financial’s dividend payout ratio (DPR) is currently 50.97%.
Webster Financial Company Profile
Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.
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