Webster Financial (WBS) Projected to Post Earnings on Thursday

Webster Financial (NYSE:WBS - Get Free Report) will likely be posting its Q2 2025 quarterly earnings results before the market opens on Thursday, July 17th. Analysts expect Webster Financial to post earnings of $1.43 per share and revenue of $716.59 million for the quarter.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.08). Webster Financial had a return on equity of 10.57% and a net margin of 18.58%. The company had revenue of $704.80 million during the quarter, compared to analysts' expectations of $708.46 million. During the same period in the prior year, the business posted $1.35 EPS. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect Webster Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Webster Financial Trading Down 1.0%

WBS stock traded down $0.62 during mid-day trading on Friday, reaching $58.89. 921,352 shares of the stock traded hands, compared to its average volume of 1,281,974. Webster Financial has a 52-week low of $39.43 and a 52-week high of $63.99. The stock's fifty day moving average is $53.33 and its 200-day moving average is $53.09. The company has a market cap of $9.91 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.78 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43.

Webster Financial declared that its board has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $700.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.72%. Webster Financial's dividend payout ratio is currently 36.04%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Webster Financial from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Morgan Stanley reduced their price objective on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Royal Bank Of Canada set a $60.00 price objective on Webster Financial and gave the stock an "outperform" rating in a research report on Friday, April 25th. Jefferies Financial Group initiated coverage on Webster Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $65.00 target price on the stock. Finally, Truist Financial increased their price target on shares of Webster Financial from $61.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $65.50.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, insider Charles L. Wilkins sold 5,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $53.25, for a total transaction of $266,250.00. Following the transaction, the insider directly owned 31,534 shares in the company, valued at $1,679,185.50. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Javier L. Evans sold 7,800 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.58, for a total value of $410,124.00. Following the completion of the sale, the insider directly owned 19,820 shares of the company's stock, valued at $1,042,135.60. This represents a 28.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,000 shares of company stock valued at $934,210. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WBS. Geneos Wealth Management Inc. lifted its holdings in Webster Financial by 81.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,107 shares of the financial services provider's stock worth $57,000 after purchasing an additional 497 shares during the last quarter. Royal Bank of Canada raised its position in shares of Webster Financial by 2.2% in the first quarter. Royal Bank of Canada now owns 94,385 shares of the financial services provider's stock valued at $4,866,000 after purchasing an additional 2,049 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Webster Financial in the first quarter worth $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Webster Financial by 15.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,127 shares of the financial services provider's stock worth $2,069,000 after buying an additional 5,299 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Webster Financial by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 476,095 shares of the financial services provider's stock valued at $24,543,000 after buying an additional 20,090 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Webster Financial Company Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.