NYSE:WBS

Webster Financial (WBS) Stock Forecast, Price & News

$40.69

+1.08 (+2.73%)

(As of 11:45 AM ET)

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Today's Range: $39.98
▼
$41.01
50-Day Range: $39.03
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$47.36
52-Week Range: $31.03
▼
$56.46

Volume: 488,828 shs
Average Volume: 1.27 million shs
Market Capitalization: $7.05 billion

P/E Ratio: 7.75
Dividend Yield: 3.93%
Price Target: $51.80

Webster Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 30.7% Upside
$51.80 Price Target
Short Interest: Healthy
2.85% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.85
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 2.54%
From $5.91 to $6.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.38 out of 5 stars

Finance Sector

11th out of 872 stocks

National Commercial Banks Industry

5th out of 86 stocks

4.4

Analyst's Opinion

Consensus Rating
Webster Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.80, Webster Financial has a forecasted upside of 30.7% from its current price of $39.64.
Amount of Analyst Coverage
Webster Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.85% of the outstanding shares of Webster Financial have been sold short.
Short Interest Ratio / Days to Cover
Webster Financial has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Webster Financial has recently decreased by 6.10%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Webster Financial is a leading dividend payer. It pays a dividend yield of 4.10%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Webster Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Webster Financial is 30.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Webster Financial will have a dividend payout ratio of 26.40% next year. This indicates that Webster Financial will be able to sustain or increase its dividend.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Webster Financial has received a 40.42% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Home equity loans", "Consumer savings accounts provided by brick and mortar banks", and "Commercial deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Webster Financial is -0.50.

3.3

News and Social Media Coverage

News Sentiment
Webster Financial has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Webster Financial this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for WBS on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
6 people have added Webster Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Webster Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.88% of the stock of Webster Financial is held by insiders.
Percentage Held by Institutions
86.37% of the stock of Webster Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Webster Financial are expected to grow by 2.54% in the coming year, from $5.91 to $6.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Webster Financial is 7.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Webster Financial is 7.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 71.59.
Price to Book Value per Share Ratio
Webster Financial has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Webster Financial (NYSE:WBS) Stock

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment provides commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; treasury management services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as derivative, treasury, accounts payable, accounts receivable, and trade products and services. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Consumer Banking segment provides consumer deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers; and small business banking products, such as credit, deposit, and cash flow management to businesses and professional service firms. It also offers online and mobile banking services. Webster Financial Corporation was founded in 1935 and is headquartered in Stamford, Connecticut.

WBS Price History

30 days | 90 days | 365 days | Advanced Chart

WBS Stock News Headlines

September 28, 2023 | finance.yahoo.com

With EPS Growth And More, Webster Financial (NYSE:WBS) Makes An Interesting Case

September 28, 2023 | americanbankingnews.com

Webster Financial (NYSE:WBS) Price Target Increased to $49.00 by Analysts at Morgan Stanley

September 29, 2023 | PressReach (Ad)

Uranium Prices Surge as Nuclear Energy Becomes Key

Renewed interest in uranium and rising prices have created a favorable environment for new projects.

September 27, 2023 | americanbankingnews.com

Webster Financial Co. (NYSE:WBS) Receives Consensus Rating of "Moderate Buy" from Brokerages

September 26, 2023 | americanbankingnews.com

StockNews.com Downgrades Webster Financial (NYSE:WBS) to Sell

September 25, 2023 | finance.yahoo.com

Webster Bank Corporate Responsibility Report: Ethics and Risk Management

September 19, 2023 | finance.yahoo.com

Webster Recognized on Top Corporate Contributor List by Boston Business Journal

September 19, 2023 | finance.yahoo.com

Webster Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary

September 29, 2023 | PressReach (Ad)

Uranium Prices Surge as Nuclear Energy Becomes Key

Renewed interest in uranium and rising prices have created a favorable environment for new projects.

September 19, 2023 | americanbankingnews.com

StockNews.com Upgrades Webster Financial (NYSE:WBS) to "Hold"

September 12, 2023 | markets.businessinsider.com

What 6 Analyst Ratings Have To Say About Webster Finl

September 12, 2023 | finance.yahoo.com

Webster Bank's Samantha Yang Honored in Profiles in Diversity Journal 2023 Asian Leadership Awards

September 7, 2023 | finance.yahoo.com

Organic Growth Aids Webster Financial (WBS), Higher Debt Ails

September 5, 2023 | finance.yahoo.com

Webster Bank Celebrates Its 2023 Intern Class

August 30, 2023 | finance.yahoo.com

Webster Ranked Nationally by Bank Director as a Best Publicly Traded Bank with $50B-plus assets

August 30, 2023 | finance.yahoo.com

Webster Bank Corporate Responsibility Report: Responsible Governance

August 23, 2023 | finance.yahoo.com

Webster Financial (NYSE:WBS) sheds 3.8% this week, as yearly returns fall more in line with earnings growth

August 22, 2023 | finance.yahoo.com

Giordano Joins Webster Bank As Head of Philanthropy

August 16, 2023 | finance.yahoo.com

Webster Bank Corporate Responsibility Report: Environmental Sustainability

August 9, 2023 | finance.yahoo.com

Junior Achievement, United Way Recognize Webster Bank for its Philanthropic Support in Region

July 27, 2023 | finance.yahoo.com

Be Sure To Check Out Webster Financial Corporation (NYSE:WBS) Before It Goes Ex-Dividend

July 27, 2023 | finance.yahoo.com

Webster Raises Prime Lending Rate to 8.50 Percent

July 25, 2023 | msn.com

Morgan Stanley Reiterates Webster Financial (WBS) Overweight Recommendation

July 25, 2023 | finance.yahoo.com

Connecticut Green Bank Recognizes Webster for Support of Environmental Initiatives

July 24, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Webster Finl

July 23, 2023 | finance.yahoo.com

Webster Financial Corporation (NYSE:WBS) Q2 2023 Earnings Call Transcript

July 23, 2023 | finance.yahoo.com

Webster Financial (NYSE:WBS) Has Announced A Dividend Of $0.40

See More Headlines

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WBS Company Calendar

Last Earnings: 7/20/2023
Ex-Dividend for 8/16 Dividend: 8/01/2023
Dividend Payable: 8/16/2023
Today: 9/29/2023
Next Earnings (Estimated): 10/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NYSE:WBS
CUSIP: 94789010
CIK: 801337
Web: public.websteronline.com
Phone: (203) 578-2202
Fax: 302-636-5454
Employees: 4,193
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $51.80
High Stock Price Forecast: $63.00
Low Stock Price Forecast: $46.00
Forecasted Upside/Downside: +30.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.25
Trailing P/E Ratio: 7.55
Forward P/E Ratio: 6.71
P/E Growth: N/A
Net Income: $644.28 million
Net Margins: 26.69%
Pretax Margin: 34.15%
Return on Equity: 13.68%
Return on Assets: 1.48%

Debt

Debt-to-Equity Ratio: 0.67
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $2.73 billion
Price / Sales: 2.52
Cash Flow: $6.08 per share
Price / Cash Flow: 6.52
Book Value: $44.67 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 173,260,000
Free Float: 171,730,000
Market Cap: $6.87 billion
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Jack L. Kopnisky (Age 67)
Exec. Chairman
Comp: $3.85M

Mr. John R. Ciulla (Age 57)
Pres, CEO & Director
Comp: $3.25M

Mr. Glenn I. MacInnes (Age 62)
Exec. VP & CFO
Comp: $1.5M

Mr. Luis R. Massiani (Age 46)
COO & Sr. Exec. VP
Comp: $1.79M

Mr. Christopher J. Motl (Age 52)
Sr. Exec. VP & Pres of Commercial Banking
Comp: $1.75M

Mr. Albert J. Wang CPA (Age 48)
CPA, Exec. VP & Chief Accounting Officer

Mr. Vikram Nafde
Chief Information Officer

Mr. Emlen Briggs Harmon C.F.A.
Director of Investor Relations

Katherine Vines Trumbull
Acting Gen. Counsel

Ms. Alice Ferreira
Sr. MD of Corp. Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WBS Stock - Frequently Asked Questions

Should I buy or sell Webster Financial stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WBS shares.
View WBS analyst ratings or view top-rated stocks.
What is Webster Financial's stock price forecast for 2023?: 10 brokerages have issued 1-year price objectives for Webster Financial's shares. Their WBS share price forecasts range from $46.00 to $63.00. On average, they expect the company's stock price to reach $51.80 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price.
View analysts price targets for WBS or view top-rated stocks among Wall Street analysts.
How have WBS shares performed in 2023?: Webster Financial's stock was trading at $47.34 at the start of the year. Since then, WBS stock has decreased by 16.3% and is now trading at $39.64.
View the best growth stocks for 2023 here.
When is Webster Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our WBS earnings forecast.
How were Webster Financial's earnings last quarter?: Webster Financial Co. (NYSE:WBS) issued its quarterly earnings results on Thursday, July, 20th. The financial services provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.03. The financial services provider had revenue of $673.20 million for the quarter, compared to the consensus estimate of $690.83 million. Webster Financial had a net margin of 26.69% and a trailing twelve-month return on equity of 13.68%. Webster Financial's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS.
How often does Webster Financial pay dividends? What is the dividend yield for Webster Financial?: Webster Financial announced a quarterly dividend on Wednesday, July 19th. Shareholders of record on Wednesday, August 2nd will be given a dividend of $0.40 per share on Wednesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, August 1st.
Read our dividend analysis for WBS.
What ETFs hold Webster Financial's stock?: ETFs with the largest weight of Webster Financial (NYSE:WBS) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), iShares Focused Value Factor ETF (FOVL), SPDR S&P Regional Banking ETF (KRE), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO), First Trust Nasdaq Bank ETF (FTXO) and Direxion Daily Regional Banks Bull 3x Shares (DPST).
Is Webster Financial a good dividend stock?: Webster Financial (NYSE:WBS) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.01%. WBS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBS will have a dividend payout ratio of 26.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WBS.

What is James C. Smith's approval rating as Webster Financial's CEO?: 6 employees have rated Webster Financial Chief Executive Officer James C. Smith on Glassdoor.com. James C. Smith has an approval rating of 84% among the company's employees.
What other stocks do shareholders of Webster Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Webster Financial investors own include AT&T (T), Verizon Communications (VZ), BP (BP), Altria Group (MO), Realty Income (O), Pfizer (PFE), Wells Fargo & Company (WFC), Exxon Mobil (XOM), Brookfield Infrastructure Partners (BIP) and Enterprise Products Partners (EPD).
What is Webster Financial's stock symbol?: Webster Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."
How do I buy shares of Webster Financial?: Shares of WBS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Webster Financial's stock price today?: One share of WBS stock can currently be purchased for approximately $39.64.
How much money does Webster Financial make?: Webster Financial (NYSE:WBS) has a market capitalization of $6.87 billion and generates $2.73 billion in revenue each year. The financial services provider earns $644.28 million in net income (profit) each year or $5.25 on an earnings per share basis.
How many employees does Webster Financial have?: The company employs 4,193 workers across the globe.
Does Webster Financial have any subsidiaries?: The following companies are subsidiares of Webster Financial: Bend Financial Inc., Sterling Bancorp, Sterling National Bank, Webster Bank N.A., Webster Licensing LLC, Webster Statutory Trust I, and Webster Wealth Advisors Inc..
Read More
How can I contact Webster Financial?: Webster Financial's mailing address is 145 BANK STREET, WATERBURY CT, 06702. The official website for the company is public.websteronline.com. The financial services provider can be reached via phone at (203) 578-2202, via email at tmangan@websterbank.com, or via fax at 302-636-5454.

This page (NYSE:WBS) was last updated on 9/29/2023 by MarketBeat.com Staff

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