Webster Financial Corporation (NYSE:WBS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Webster Financial Corporation (NYSE:WBSGet Free Report) have been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $74.5769.

WBS has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Finally, Barclays lifted their price objective on shares of Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd.

Check Out Our Latest Stock Analysis on Webster Financial

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WBS. Patriot Financial Group Insurance Agency LLC grew its stake in Webster Financial by 95.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 33,038 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 16,132 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Webster Financial during the first quarter valued at about $133,634,000. Bank of New York Mellon Corp purchased a new stake in shares of Webster Financial during the second quarter valued at about $101,039,000. Deutsche Bank AG purchased a new stake in shares of Webster Financial during the second quarter valued at about $58,026,000. Finally, Vazirani Asset Management LLC bought a new stake in shares of Webster Financial in the 2nd quarter valued at about $3,056,800. Institutional investors own 85.58% of the company’s stock.

Webster Financial Stock Performance

Shares of NYSE WBS opened at $77.57 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50 day moving average price is $77.36 and its 200-day moving average price is $73.81. Webster Financial has a fifty-two week low of $52.69 and a fifty-two week high of $79.74. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 12.61 and a beta of 1.01.

Webster Financial (NYSE:WBSGet Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $769.23 million for the quarter, compared to analysts’ expectations of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. Webster Financial’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. On average, sell-side analysts expect that Webster Financial will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. Webster Financial’s dividend payout ratio (DPR) is 26.02%.

Webster Financial Company Profile

(Get Free Report)

Webster Financial Corporation is the bank holding company for Webster Bank, a regional financial institution headquartered in Stamford, Connecticut. Through its banking operations, the company provides commercial and retail banking services to businesses, individuals and institutions.

Webster Bank offers lending, deposit, cash management, treasury, payment and wealth management services. Its commercial banking activities serve middle-market companies, commercial real estate borrowers, municipalities and other organizations, while its retail banking business provides checking, savings, mortgage and consumer lending products.

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Analyst Recommendations for Webster Financial (NYSE:WBS)

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