Webster Financial (WBS) Stock Forecast, Price & News

9 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 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WBS shares.
View WBS analyst ratings or view top-rated stocks.

9 brokers have issued 12 month price targets for Webster Financial's stock. Their WBS share price forecasts range from $40.00 to $77.00. On average, they expect the company's stock price to reach $54.42 in the next year. This suggests a possible upside of 33.7% from the stock's current price.
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Webster Financial's stock was trading at $47.34 at the beginning of 2023. Since then, WBS stock has decreased by 14.0% and is now trading at $40.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our WBS earnings forecast.

Webster Financial Co. (NYSE:WBS) posted its earnings results on Thursday, April, 20th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by $0.07. The financial services provider had revenue of $666 million for the quarter, compared to the consensus estimate of $708.96 million. Webster Financial had a trailing twelve-month return on equity of 13.39% and a net margin of 28.33%. The company's revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS.

Webster Financial declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be given a dividend of $0.40 per share on Monday, May 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for WBS.

ETFs with the largest weight of Webster Financial (NYSE:WBS) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), First Trust Nasdaq Bank ETF (FTXO) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).

Webster Financial (NYSE:WBS) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.26%. WBS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBS will have a dividend payout ratio of 25.16% 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 shareholders include BlackRock Inc. (10.06%), State Street Corp (4.52%), Price T Rowe Associates Inc. MD (3.61%), FMR LLC (2.92%), Macquarie Group Ltd. (2.39%) and Dimensional Fund Advisors LP (2.11%). 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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One share of WBS stock can currently be purchased for approximately $40.69.

Webster Financial (NYSE:WBS) has a market capitalization of $7.11 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 $4.93 on an earnings per share basis.

The company employs 4,065 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.