Webster Financial Corporation (NYSE:WBS) Given Average Recommendation of “Hold” by Analysts

Webster Financial Corporation (NYSE:WBSGet Free Report) has been assigned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $74.0357.

Several research analysts recently weighed in on the stock. UBS Group started coverage on shares of Webster Financial in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 target price for the company. Keefe, Bruyette & Woods decreased their price target on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Finally, Royal Bank Of Canada boosted their price objective on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Wednesday.

Check Out Our Latest Report on WBS

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Webster Financial during the 4th quarter worth $142,035,000. Alyeska Investment Group L.P. grew its position in shares of Webster Financial by 7,442.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,032,937 shares of the financial services provider’s stock valued at $120,838,000 after purchasing an additional 2,005,985 shares during the period. Whitebox Advisors LLC purchased a new stake in shares of Webster Financial in the first quarter valued at $133,634,000. Assenagon Asset Management S.A. acquired a new position in Webster Financial in the first quarter valued at $109,754,000. Finally, Bank of America Corp DE increased its stake in Webster Financial by 67.6% in the first quarter. Bank of America Corp DE now owns 3,727,744 shares of the financial services provider’s stock valued at $258,780,000 after purchasing an additional 1,504,075 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Stock Performance

NYSE WBS opened at $76.06 on Friday. Webster Financial has a fifty-two week low of $52.69 and a fifty-two week high of $77.69. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 12.37 and a beta of 1.00. The business has a fifty day moving average of $74.60 and a 200-day moving average of $71.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46.

Webster Financial (NYSE:WBSGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The company had revenue of $739.99 million during 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%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 earnings per share. As a group, analysts predict that Webster Financial will post 6.55 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 11th. This represents a $1.60 dividend on an annualized basis and a 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 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.

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Analyst Recommendations for Webster Financial (NYSE:WBS)

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