Webster Financial Stock Price, News & Analysis (NYSE:WBS)

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WBS shares.
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11 equities research analysts have issued 12 month price objectives for Webster Financial's stock. Their WBS share price targets range from $42.00 to $63.00. On average, they predict the company's share price to reach $50.25 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
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Webster Financial's stock was trading at $47.34 at the start of the year. Since then, WBS stock has increased by 1.2% and is now trading at $47.89.
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Webster Financial saw a increase in short interest in October. As of October 31st, there was short interest totaling 4,540,000 shares, an increase of 19.5% from the October 15th total of 3,800,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 4.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
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Webster Financial Co. (NYSE:WBS) released its quarterly earnings data on Thursday, October, 19th. The financial services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.06. The financial services provider earned $677.50 million during the quarter, compared to analysts' expectations of $686.11 million. Webster Financial had a net margin of 24.45% and a trailing twelve-month return on equity of 13.65%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share.

Webster Financial declared a quarterly dividend on Tuesday, October 24th. Investors of record on Friday, November 3rd will be given a dividend of $0.40 per share on Monday, November 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, November 2nd.
Read our dividend analysis for WBS.

Webster Financial (NYSE:WBS) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.40%. The dividend payout ratio is 30.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBS will have a dividend payout ratio of 26.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WBS.

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).

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.

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).

Webster Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (4.22%), Invesco Ltd. (2.71%), Wellington Management Group LLP (1.70%), Diamond Hill Capital Management Inc. (1.64%), Bank of New York Mellon Corp (1.58%) and Earnest Partners LLC (1.39%). Insiders that own company stock include Christopher J Motl, Daniel Bley, Javier L Evans, Luis Massiani, Mark Pettie, Maureen Mitchell, Thomas X Geisel and William L Atwell.
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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.
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