Webster Financial Stock Forecast, Price & News

Webster Financial's stock was trading at $30.71 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WBS shares have increased by 30.5% and is now trading at $40.08.
View which stocks have been most impacted by COVID-19.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Webster Financial.

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Webster Financial is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Webster Financial.

Webster Financial Co. (NYSE:WBS) announced its quarterly earnings data on Thursday, October, 22nd. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The financial services provider had revenue of $294.32 million for the quarter, compared to the consensus estimate of $296.02 million. Webster Financial had a net margin of 20.01% and a return on equity of 9.30%. Webster Financial's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS.
View Webster Financial's earnings history.

Webster Financial declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.40 per share on Tuesday, November 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Monday, November 9th.
View Webster Financial's dividend history.

8 analysts have issued twelve-month price objectives for Webster Financial's stock. Their forecasts range from $23.50 to $46.50. On average, they anticipate Webster Financial's stock price to reach $33.25 in the next twelve months. This suggests that the stock has a possible downside of 17.0%.
View analysts' price targets for Webster Financial.

Webster Financial saw a decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,640,000 shares, a decline of 21.2% from the October 15th total of 2,080,000 shares. Based on an average daily trading volume, of 578,400 shares, the short-interest ratio is currently 2.8 days. Currently, 1.8% of the shares of the stock are sold short.
View Webster Financial's Short Interest.

Some companies that are related to Webster Financial include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) and Prosperity Bancshares (PB).
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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. (8.60%), Wasatch Advisors Inc. (3.34%), State Street Corp (3.22%), Pzena Investment Management LLC (3.06%), Charles Schwab Investment Management Inc. (1.52%) and Fisher Asset Management LLC (0.98%). Company insiders that own Webster Financial stock include Daniel Bley, Elizabeth E Flynn, Glenn I Macinnes, James Copenhaver Smith, John Joseph Crawford, John R Ciulla, Mark Pettie and William L Atwell.
View institutional ownership trends for Webster Financial.

WBS stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BlackRock Inc., GW&K Investment Management LLC, State Street Corp, Royce & Associates LP, Charles Schwab Investment Management Inc., Truist Financial Corp, and State of Tennessee Treasury Department.
View insider buying and selling activity for Webster Financial.

WBS stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Arrowstreet Capital Limited Partnership, Wasatch Advisors Inc., AQR Capital Management LLC, Alaska Permanent Fund Corp, First Trust Advisors LP, Voloridge Investment Management LLC, and Boston Partners. Company insiders that have bought Webster Financial stock in the last two years include Elizabeth E Flynn, Glenn I Macinnes, John R Ciulla, and William L Atwell.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of WBS stock can currently be purchased for approximately $40.08.

Webster Financial has a market capitalization of $3.62 billion and generates $1.44 billion in revenue each year. The financial services provider earns $382.72 million in net income (profit) each year or $4.07 on an earnings per share basis. Webster Financial employs 3,298 workers across the globe.

The official website for Webster Financial is public.websteronline.com.

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]