Webster Financial Corporation (NYSE:WBS – Get Free Report) has been assigned an average rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $73.9643.
A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Webster Financial in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Wells Fargo & Company upgraded Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Santander lowered Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd.
Get Our Latest Stock Report on Webster Financial
Webster Financial Price Performance
Webster Financial (NYSE:WBS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The firm had revenue of $764.05 million during the quarter, compared to analysts’ expectations of $735.26 million. During the same quarter in the prior year, the business earned $1.30 EPS. Webster Financial’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Webster Financial will post 6.59 earnings per share for the current fiscal year.
Webster Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, May 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. Webster Financial’s payout ratio is presently 26.19%.
Institutional Investors Weigh In On Webster Financial
Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Webster Financial by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,920,300 shares of the financial services provider’s stock valued at $498,509,000 after acquiring an additional 107,335 shares during the last quarter. Invesco Ltd. grew its position in Webster Financial by 2.9% in the fourth quarter. Invesco Ltd. now owns 5,516,110 shares of the financial services provider’s stock valued at $347,184,000 after acquiring an additional 156,636 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Webster Financial by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,246,364 shares of the financial services provider’s stock worth $330,207,000 after buying an additional 713,294 shares during the last quarter. Capital International Investors grew its stake in shares of Webster Financial by 0.4% during the fourth quarter. Capital International Investors now owns 4,177,281 shares of the financial services provider’s stock worth $263,058,000 after buying an additional 16,676 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Webster Financial by 67.6% during the first quarter. Bank of America Corp DE now owns 3,727,744 shares of the financial services provider’s stock worth $258,780,000 after buying an additional 1,504,075 shares during the last quarter. 85.58% of the stock is owned by institutional investors.
Webster Financial Company Profile
Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.
In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.
See Also
- Five stocks we like better than Webster Financial
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Receive News & Ratings for Webster Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial and related companies with MarketBeat.com's FREE daily email newsletter.
