Webster Financial (WBS) Stock Forecast, Price & News

10 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 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WBS shares.
View WBS analyst ratings or view top-rated stocks.

10 equities research analysts have issued 12-month price targets for Webster Financial's shares. Their WBS share price forecasts range from $43.00 to $63.00. On average, they predict the company's share price to reach $51.20 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
View analysts price targets for WBS or view top-rated stocks among Wall Street analysts.

Webster Financial's stock was trading at $47.34 at the beginning of the year. Since then, WBS shares have decreased by 15.1% and is now trading at $40.21.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our WBS earnings forecast.

Webster Financial Co. (NYSE:WBS) announced its quarterly earnings data on Thursday, July, 20th. The financial services provider reported $1.50 EPS for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS.

Webster Financial announced a quarterly dividend on Wednesday, July 19th. Stockholders 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 3.98%. The ex-dividend date is Tuesday, August 1st.
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).

Webster Financial (NYSE:WBS) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.99%. 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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."

Webster Financial's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.12%), Capital International Investors (4.81%), State Street Corp (4.57%), Dimensional Fund Advisors LP (1.94%), Diamond Hill Capital Management Inc. (1.65%) and Bank of New York Mellon Corp (1.54%). 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.
View institutional ownership trends.

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.

One share of WBS stock can currently be purchased for approximately $40.21.

Webster Financial (NYSE:WBS) has a market capitalization of $6.97 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.

The company employs 4,193 workers across the globe.

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.