Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services. This segment also offers relationship banking services for high net worth clients, not-for-profit organizations, and business clients with deposit and loan products; and asset management, financial planning, and trust services. 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 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 company also provides telephone and mobile banking services, as well as through its Website. As of February 21, 2019, it operated 157 banking centers and 316 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
Phone203-578-2202
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.34 billion
Profitability
Miscellaneous
Employees3,265
Next Earnings Date7/18/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Monday, April 22nd. Investors of record on Monday, May 6th will be paid a dividend of $0.40 per share on Monday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Webster Financial's previous quarterly dividend of $0.33. View Webster Financial's Dividend History.
How were Webster Financial's earnings last quarter?
Webster Financial Co. (NYSE:WBS) issued its earnings results on Thursday, April, 18th. The financial services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.05. The financial services provider earned $310.20 million during the quarter, compared to the consensus estimate of $310.46 million. Webster Financial had a return on equity of 13.77% and a net margin of 27.57%. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. View Webster Financial's Earnings History.
When is Webster Financial's next earnings date?
What price target have analysts set for WBS?
7 analysts have issued 1-year price targets for Webster Financial's shares. Their forecasts range from $60.00 to $65.00. On average, they anticipate Webster Financial's share price to reach $62.50 in the next year. This suggests a possible upside of 27.4% from the stock's current price. View Analyst Price Targets for Webster Financial.
What is the consensus analysts' recommendation for Webster Financial?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, "Webster Financial possesses an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the trailing four quarters. Webster Financial’s continued growth in loans and deposits will aid profitability. Furthermore, top-line strength and ample liquidity keep us encouraged. Also, the rising interest-rate environment and lower tax rates will aid bottom-line growth. However, persistently rising cost base is a major concern, which might be further elevated by the company's efforts to strengthen the HSA Bank segment. Further, high exposure in commercial and commercial real estate loans can be risky for the company if the housing sector weakens." (4/2/2019)
- 2. Boenning Scattergood analysts commented, "We maintain our Neutral rating on shares of WBS with the stock trading at a significant premium to peers on forward P/E 2019 (13.6x vs. 11.1x) and price-to-tangible book (2.4x vs. 1.8x). Webster’s asset-sensitive balance sheet and commercial growth engine continue to produce strong core results. With an 84% loan-to-deposit ratio, >70% of loans pricing on a floating or periodic basis, and a 0.70% cost of funds, the bank is well positioned to reap the benefits of any additional increases in interest rates. While we remain complimentary of the bank’s strategy to harness the strengths of its commercial bank and HSA business lines, we think profitability improvements will occur at a steady pace as opposed to larger jumps. Thus, we believe the stock is fairly valued today and do not see any catalysts that would warrant above average P/E multiple expansion." (1/24/2019)
Has Webster Financial been receiving favorable news coverage?
Media stories about WBS stock have been trending positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Webster Financial earned a coverage optimism score of 2.2 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.
Who are some of Webster Financial's key competitors?
Some companies that are related to Webster Financial include Shinhan Financial Group (SHG), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV), CIT Group (CIT), PacWest Bancorp (PACW), First Horizon National (FHN), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP) and F.N.B. (FNB).
What other stocks do shareholders of Webster Financial own?
Who are Webster Financial's key executives?
Webster Financial's management team includes the folowing people:
- Mr. John R. Ciulla, Pres, CEO & Director (Age 53)
- Mr. Glenn I. MacInnes, Exec. VP & CFO (Age 58)
- Mr. Nitin J. Mhatre, Exec. VP & Head of Community Banking (Age 48)
- Mr. Charles L. Wilkins, Exec. VP (Age 57)
- Mr. Christopher J. Motl, Exec. VP & Head of Commercial Banking (Age 48)
Who are Webster Financial's major shareholders?
Webster Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.48%), Macquarie Group Ltd. (2.38%), Frontier Capital Management Co. LLC (2.19%), Janus Henderson Group PLC (1.99%), Wasatch Advisors Inc. (1.69%) and Wells Fargo & Company MN (1.50%). Company insiders that own Webster Financial stock include Charles L Wilkins, 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 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 Goldman Sachs Group Inc., Picton Mahoney Asset Management, Public Employees Retirement Association of Colorado, Artisan Partners Limited Partnership, Renaissance Technologies LLC, Stevens Capital Management LP, California Public Employees Retirement System and Penn Capital Management Co. Inc.. Company insiders that have sold Webster Financial company stock in the last year include Charles L Wilkins, Daniel Bley, James Copenhaver Smith and John Joseph Crawford. View Insider Buying and Selling for Webster Financial.
Which major investors are buying Webster Financial stock?
WBS stock was purchased by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Los Angeles Capital Management & Equity Research Inc., Wasatch Advisors Inc., BlackRock Inc., Voya Investment Management LLC, Pennsylvania Trust Co, Charles Schwab Investment Management Inc. and Janus Henderson Group PLC. 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 $49.07.
How big of a company is Webster Financial?
Webster Financial has a market capitalization of $4.52 billion and generates $1.34 billion in revenue each year. The financial services provider earns $360.42 million in net income (profit) each year or $3.74 on an earnings per share basis. Webster Financial employs 3,265 workers across the globe.
What is Webster Financial's official website?
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 (NYSE 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.
