Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset-based lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines/loans, unsecured consumer loans, and credit cards to consumers, as well as investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit, and cash flow management products to businesses and professional service firms. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions to employers for the benefit of their employees and individuals. The Private Banking segment provides relationship banking services for high net worth clients, not-for-profit organizations, and business clients for asset management, trust, loan, and deposit products and financial planning services. The company also provides its services telephone and mobile banking services, as well as through its Website. As of February 14, 2018, it operated 167 banking centers and 334 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:WBS
CUSIP94789010
Phone203-578-2202
Debt
Debt-to-Equity Ratio0.56
Current Ratio0.80
Quick Ratio0.80
Price-To-Earnings
Trailing P/E Ratio23.83
Forward P/E Ratio18.65
P/E Growth2.36
Sales & Book Value
Annual Sales$1.17 billion
Price / Sales5.20
Cash Flow$3.5434 per share
Price / Cash18.68
Book Value$27.76 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$2.59
Net Income$255.43 million
Net Margins22.92%
Return on Equity10.60%
Return on Assets1.02%
Miscellaneous
Employees3,302
Outstanding Shares92,100,000
Webster Financial (NYSE:WBS) Frequently Asked Questions
What is Webster Financial's stock symbol?
Webster Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."
How often does Webster Financial pay dividends? What is the dividend yield for Webster Financial?
Webster Financial declared a quarterly dividend on Monday, April 23rd. Stockholders of record on Monday, May 7th will be given a dividend of $0.33 per share on Monday, May 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, May 4th. This is a boost from Webster Financial's previous quarterly dividend of $0.26. View Webster Financial's Dividend History.
How were Webster Financial's earnings last quarter?
Webster Financial Co. (NYSE:WBS) issued its quarterly earnings results on Thursday, April, 19th. The financial services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.79 by $0.06. The financial services provider had revenue of $282.90 million for the quarter, compared to analyst estimates of $276.34 million. Webster Financial had a return on equity of 10.60% and a net margin of 22.92%. The company's revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 EPS. View Webster Financial's Earnings History.
When is Webster Financial's next earnings date?
What price target have analysts set for WBS?
12 brokers have issued 12-month price objectives for Webster Financial's shares. Their forecasts range from $45.00 to $71.00. On average, they anticipate Webster Financial's stock price to reach $60.00 in the next twelve months. View Analyst Ratings for Webster Financial.
What are Wall Street analysts saying about Webster Financial stock?
Here are some recent quotes from research analysts about Webster Financial stock:
- 1. According to Zacks Investment Research, "Shares of Webster Financial have outperformed the industry over the past six months. This performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three out of the trailing four quarters. The company’s first-quarter 2018 earnings reflected top-line strength, aided by rise in loan and deposit balances. Webster Financial’s continued growth in loans and deposits will aid profitability. Also, top-line strength and ample liquidity keep us encouraged. Notably, the rising interest-rate environment and lower tax rates will further support revenue growth. Moreover, its efforts to strengthen the HSA Bank segment bode well for the long term. However, a persistently rising cost base remains a major concern. In addition, significant exposure to commercial loans might pose a threat to its financials." (4/26/2018)
- 2. Boenning Scattergood analysts commented, "Webster reported 4Q17 operating EPS of $0.77 versus $0.53 in the year- prior quarter. Our estimate was $0.74. Operating results included a $0.09 per share benefit related to a reevaluation of state-level DTAs partially offset by a negative valuation adjustment to the Federal DTA. This was previously announced. On a sequential-quarter basis, NIM expanded 3 bps to 3.33% while Webster’s loan-to-deposit spread increased 5 bps. Higher borrowing costs dragged on NIM. On a linked-quarter basis, period-end loans and deposits grew 1.5% and 2.7%, annualized, respectively. Loan growth was concentrated in C&I and CRE. Deposit growth was concentrated in NOW, HSA, and CDs. Asset quality was mixed during the quarter, but, in our opinion, generally favorable. Though charge-offs increased to 34 bps from 18 bps in 3Q17, the decrease in NPAs in both absolute and relative terms was greater than charge-offs as loans reached positive resolution." (1/24/2018)
Who are some of Webster Financial's key competitors?
Some companies that are related to Webster Financial include KeyCorp (KEY), Regions Financial (RF), BANCO DO BRASIL/S (BDORY), Shinhan Financial Group (SHG), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), PacWest Bancorp (PACW), Synovus Financial (SNV), CIT Group (CIT), BOK Financial (BOKF), First Horizon National (FHN), Akbank T.A.S. (AKBTY) and Sterling Bancorp (STL).
Who are Webster Financial's key executives?
Webster Financial's management team includes the folowing people:
- Mr. John R. Ciulla, Pres, CEO & Director (Age 52)
- Mr. Glenn I. Maclnnes, Exec. VP & CFO (Age 57)
- Mr. Nitin J. Mhatre, Exec. VP & Head of Community Banking (Age 47)
- Mr. Christopher J. Motl, Exec. VP & Head of Community Banking (Age 47)
- Mr. Albert J. Wang CPA, CPA, Chief Accounting Officer (Age 43)
Has Webster Financial been receiving favorable news coverage?
News coverage about WBS stock has been trending very positive on Sunday, Accern reports. The research firm scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Webster Financial earned a news sentiment score of 0.70 on Accern's scale. They also assigned news coverage about the financial services provider an impact score of 43.66 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Webster Financial's major shareholders?
Webster Financial's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.21%), Frontier Capital Management Co. LLC (2.39%), American Century Companies Inc. (2.16%), Lord Abbett & CO. LLC (1.82%), Pzena Investment Management LLC (1.58%) and Dimensional Fund Advisors LP (1.45%). Company insiders that own Webster Financial stock include C Michael Jacobi, Daniel Bley, Dawn C Morris, Elizabeth E Flynn, Gregory Madar, Harriet Munrett Wolfe, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, John R Ciulla, Joseph J Savage, Karen R Osar, Laurence C Morse, Mark Pettie, Nitin J Mhatre and William L Atwell. View Institutional Ownership Trends for Webster Financial.
Which major investors are selling Webster Financial stock?
WBS stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Fisher Asset Management LLC, Dimensional Fund Advisors LP, OppenheimerFunds Inc., Millennium Management LLC, Victory Capital Management Inc., Wells Fargo & Company MN and Fort Washington Investment Advisors Inc. OH. Company insiders that have sold Webster Financial company stock in the last year include Daniel Bley, Dawn C Morris, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, Karen R Osar, Laurence C Morse, Mark Pettie and Nitin J Mhatre. View Insider Buying and Selling for Webster Financial.
Which major investors are buying Webster Financial stock?
WBS stock was acquired by a variety of institutional investors in the last quarter, including Polaris Capital Management LLC, BlackRock Inc., Summit Trail Advisors LLC, DekaBank Deutsche Girozentrale, American Century Companies Inc., Wasatch Advisors Inc., New York State Common Retirement Fund and Nuveen Asset Management LLC. Company insiders that have bought Webster Financial stock in the last two years include Elizabeth E Flynn and William L Atwell. View Insider Buying and Selling for Webster Financial.
How do I buy shares of Webster Financial?
Shares of WBS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Webster Financial's stock price today?
One share of WBS stock can currently be purchased for approximately $66.19.
How big of a company is Webster Financial?
Webster Financial has a market capitalization of $6.17 billion and generates $1.17 billion in revenue each year. The financial services provider earns $255.43 million in net income (profit) each year or $2.59 on an earnings per share basis. Webster Financial employs 3,302 workers across the globe.
How can I contact Webster Financial?
Webster Financial's mailing address is 145 BANK STREET, WATERBURY CT, 06702. The financial services provider can be reached via phone at 203-578-2202 or via email at [email protected]
MarketBeat Community Rating for Webster Financial (WBS)
MarketBeat's community ratings are surveys of what our community members think about Webster Financial and other stocks. Vote "Outperform" if you believe WBS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WBS will underperform the S&P 500 over the long term. You may vote once every thirty days.
