About Webster Bank (NYSE:WBS)
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
Trailing P/E Ratio23.23
Forward P/E Ratio17.36
Sales & Book Value
Annual Sales$1.17 billion
Price / Sales4.76
Cash Flow$3.6232 per share
Price / Cash16.72
Book Value$27.91 per share
Price / Book2.17
EPS (Most Recent Fiscal Year)$2.59
Net Income$255.43 million
Return on Equity10.60%
Return on Assets1.02%
Webster Bank (NYSE:WBS) Frequently Asked Questions
What is Webster Bank's stock symbol?
Webster Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."
How often does Webster Bank pay dividends? What is the dividend yield for Webster Bank?
Webster Bank announced a quarterly dividend on Monday, April 23rd. Investors of record on Monday, May 7th will be paid a dividend of $0.33 per share on Monday, May 21st. This represents a $1.32 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, May 4th. This is a boost from Webster Bank's previous quarterly dividend of $0.26. View Webster Bank's Dividend History.
How were Webster Bank's earnings last quarter?
Webster Bank (NYSE:WBS) posted its quarterly earnings results on Thursday, April, 19th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The financial services provider earned $282.90 million during the quarter, compared to analyst estimates of $276.34 million. Webster Bank had a return on equity of 10.60% and a net margin of 22.92%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. View Webster Bank's Earnings History.
When is Webster Bank's next earnings date?
What price target have analysts set for WBS?
12 analysts have issued 12 month target prices for Webster Bank's shares. Their forecasts range from $45.00 to $71.00. On average, they anticipate Webster Bank's stock price to reach $59.00 in the next twelve months. View Analyst Ratings for Webster Bank.
What are Wall Street analysts saying about Webster Bank stock?
Here are some recent quotes from research analysts about Webster Bank stock:
- 1. According to Zacks Investment Research, "Shares of Webster Financial have outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Webster Financial’s consistent 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. However, consistently rising cost base remains a major concern. Also, significant exposure to commercial loans could pose a threat to its financials. Nevertheless, its efforts to strengthen HSA Bank segment bode well for the long term." (4/7/2018)
- 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 Bank's key competitors?
Some companies that are related to Webster Bank include Regions Financial (RF), KeyCorp (KEY), Shinhan Financial Group (SHG), Comerica (CMA), Huntington Bancshares (HBAN), Zions Bancorporation (ZION), Akbank (AKBTY), CIT Group (CIT), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Banc (PACW), First Horizon National (FHN), Synovus (SNV), Pinnacle Financial Partners (PNFP) and Sterling Bancorp (STL).
Who are Webster Bank's key executives?
Webster Bank'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. Daniel H. Bley, Exec. VP & Chief Risk Officer (Age 49)
- Mr. Albert J. Wang CPA, CPA, Chief Accounting Officer (Age 43)
Has Webster Bank been receiving favorable news coverage?
Media coverage about WBS stock has trended positive recently, according to Accern. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Webster Bank earned a media sentiment score of 0.25 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 43.22 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of Webster Bank?
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 Bank's stock price today?
One share of WBS stock can currently be purchased for approximately $60.58.
How big of a company is Webster Bank?
Webster Bank has a market capitalization of $5.52 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 Bank employs 3,302 workers across the globe.
How can I contact Webster Bank?
Webster Bank'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 Bank (WBS)MarketBeat's community ratings are surveys of what our community members think about Webster Bank 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.
Webster Bank (NYSE:WBS) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Webster Bank in the last 12 months. Their average twelve-month price target is $59.00, suggesting that the stock has a possible downside of 2.61%. The high price target for WBS is $71.00 and the low price target for WBS is $45.00. There are currently 1 sell rating, 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.17||2.25||2.40||2.11|
|Ratings Breakdown: ||1 Sell Rating(s)|
8 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$59.00||$58.1818||$59.8889||$53.6250|
|Price Target Upside: ||2.61% downside||1.27% upside||1.47% upside||2.98% downside|
Webster Bank (NYSE:WBS) Consensus Price Target History
Webster Bank (NYSE:WBS) Analyst Ratings History
(Data available from 4/25/2016 forward)
Webster Bank (NYSE:WBS) Dividend Information
Webster Bank pays an annual dividend of $1.04 per share, with a dividend yield of 1.72%. WBS's next quarterly dividend payment will be made on Monday, May 21. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 11.20% each year. Webster Bank pays out 40.15% of its earnings out as a dividend.
|Dividend Growth:||11.20% (3 Year Average)|
|Payout Ratio:||40.15% (Trailing 12 Months of Earnings) |
29.80% (Based on This Year's Estimates)
26.87% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Webster Bank (NYSE:WBS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Webster Bank (NYSE WBS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.96%
Institutional Ownership Percentage: 94.54%
Webster Bank (NYSE WBS) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|4/23/2018||Dawn C Morris||EVP||Sell||2,431||$60.51||$147,099.81||5,849|| |
|2/6/2018||Joel S Becker||Director||Sell||5,064||$54.22||$274,570.08||58,283|| |
|2/1/2018||Mark Pettie||Director||Sell||3,291||$56.34||$185,414.94||16,405|| |
|1/25/2018||Daniel Bley||EVP||Sell||2,917||$58.27||$169,973.59||19,804|| |
|10/31/2017||Karen R Osar||Director||Sell||12,923||$54.70||$706,888.10||36,984|| |
|10/27/2017||James Copenhaver Smith||Chairman||Sell||8,943||$55.93||$500,181.99||316,103|| |
|10/26/2017||Daniel Bley||EVP||Sell||1,239||$55.38||$68,615.82||22,721|| |
|10/24/2017||Daniel Bley||EVP||Sell||1,486||$54.74||$81,343.64||25,547|| |
|10/24/2017||John Joseph Crawford||Director||Sell||11,516||$54.83||$631,422.28||16,953|| |
|8/2/2017||Nitin J Mhatre||EVP||Sell||31,940||$51.34||$1,639,799.60||23,120|| |
|7/27/2017||Daniel Bley||EVP||Sell||8,000||$51.20||$409,600.00||25,657|| |
|5/8/2017||Dawn C Morris||EVP||Sell||900||$52.02||$46,818.00||4,749|| |
|5/4/2017||Harriet Munrett Wolfe||EVP||Sell||3,540||$52.36||$185,354.40||72,171|| |
|5/3/2017||John Joseph Crawford||Director||Sell||5,063||$51.30||$259,731.90|| |
|5/2/2017||Mark Pettie||Director||Sell||3,987||$50.53||$201,463.11||18,471|| |
|4/26/2017||Daniel Bley||EVP||Sell||5,000||$53.31||$266,550.00||33,657|| |
|4/26/2017||John Joseph Crawford||Director||Sell||2,753||$53.30||$146,734.90||7,752|| |
|4/25/2017||Laurence C Morse||Director||Sell||4,971||$51.88||$257,895.48||28,210|| |
|2/3/2017||Joel S Becker||Director||Sell||4,231||$52.97||$224,116.07||48,977|| |
|2/2/2017||John Joseph Crawford||Director||Sell||5,000||$51.47||$257,350.00||10,505|| |
|1/31/2017||Gregory Madar||Insider||Sell||640||$52.56||$33,638.40||10,000|| |
|1/30/2017||Karen R Osar||Director||Sell||16,487||$52.58||$866,886.46||27,751|| |
|1/26/2017||C Michael Jacobi||Director||Sell||41,910||$54.55||$2,286,190.50||23,389|| |
|1/26/2017||Joseph J Savage||Insider||Sell||8,000||$54.46||$435,680.00|| |
|1/25/2017||James Copenhaver Smith||Chairman||Sell||100,284||$54.42||$5,457,455.28||262,841|| |
|1/25/2017||John Joseph Crawford||Director||Sell||9,971||$53.79||$536,340.09||15,505|| |
|1/25/2017||John R Ciulla||President||Sell||15,129||$53.89||$815,301.81||39,686|| |
|1/23/2017||Daniel Bley||EVP||Sell||13,671||$51.74||$707,337.54||29,216|| |
|1/23/2017||Gregory Madar||Insider||Sell||2,500||$51.89||$129,725.00||9,644|| |
|11/4/2016||Joseph J Savage||Insider||Sell||2,500||$40.13||$100,325.00||62,667|| |
|11/1/2016||Karen R Osar||Director||Sell||12,500||$40.26||$503,250.00||35,280|| |
|10/31/2016||William L Atwell||Director||Buy||4,000||$40.11||$160,440.00||15,888|| |
|10/28/2016||C Michael Jacobi||Director||Sell||4,552||$40.19||$182,944.88|| |
|10/27/2016||John Joseph Crawford||Director||Sell||800||$40.42||$32,336.00|| |
|10/27/2016||John R Ciulla||President||Sell||8,496||$40.58||$344,767.68||53,182|| |
|10/25/2016||Daniel Bley||EVP||Sell||4,468||$39.74||$177,558.32||36,977|| |
|10/25/2016||Gregory Madar||Insider||Sell||500||$37.61||$18,805.00||10,140|| |
|10/25/2016||John Joseph Crawford||Director||Sell||3,000||$39.82||$119,460.00|| |
|8/3/2016||Elizabeth E Flynn||Director||Buy||2,900||$35.97||$104,313.00||15,681|| |
|8/1/2016||Daniel Bley||EVP||Sell||5,153||$36.03||$185,662.59||35,415|| |
|7/28/2016||Gregory Madar||Insider||Sell||500||$36.12||$18,060.00||10,640|| |
|7/28/2016||John Joseph Crawford||Director||Sell||3,000||$36.15||$108,450.00||21,705|| |
|5/4/2016||Daniel Manning Fitzpatrick||EVP||Sell||6,001||$35.31||$211,895.31||3,090|| |
|5/2/2016||Joseph J Savage||Vice Chairman||Sell||2,000||$36.83||$73,660.00||63,225|| |
|4/29/2016||John R Ciulla||President||Sell||12,231||$36.51||$446,553.81||36,392|| |
|4/27/2016||Gregory Madar||CAO||Sell||2,115||$37.42||$79,143.30||10,586|| |
|4/22/2016||Daniel Bley||EVP||Sell||2,500||$36.95||$92,375.00||33,655|| |
|4/21/2016||Dawn C Morris||CMO||Sell||762||$36.79||$28,033.98||2,389|| |
|2/4/2016||Gregory Madar||CAO||Sell||825||$33.68||$27,786.00||6,821|| |
|1/27/2016||Gregory Madar||CAO||Sell||3,360||$32.58||$109,468.80||6,646|| |
|1/26/2016||Elizabeth E Flynn||Director||Buy||6,500||$32.26||$209,690.00||11,071|| |
|1/25/2016||Daniel Manning Fitzpatrick||EVP||Sell||6,126||$31.00||$189,906.00||2,948|| |
|10/30/2015||Joseph J Savage||Vice Chairman||Sell||15,000||$37.71||$565,650.00||54,237|| |
|10/26/2015||C Michael Jacobi||Director||Sell||5,419||$37.06||$200,828.14||21,080|| |
|7/23/2015||Joseph J Savage||President||Sell||15,000||$39.54||$593,100.00|| |
|5/20/2015||James Copenhaver Smith||Chairman||Sell||7,500||$38.19||$286,425.00|| |
|4/28/2015||Gregory Madar||CAO||Sell||750||$36.40||$27,300.00|| |
|4/28/2015||John Joseph Crawford||Director||Sell||3,386||$36.15||$122,403.90|| |
|4/28/2015||John R Ciulla||EVP||Sell||6,500||$36.24||$235,560.00|| |
|4/27/2015||John Joseph Crawford||Director||Sell||1,580||$36.25||$57,275.00|| |
|4/23/2015||Robert A Finkenzeller||Director||Sell||2,000||$36.14||$72,280.00|| |
|4/21/2015||John Joseph Crawford||Director||Sell||877||$36.00||$31,572.00|| |
|2/18/2015||James Copenhaver Smith||Chairman||Sell||7,500||$34.11||$255,825.00|| |
|11/19/2014||James Copenhaver Smith||Chairman||Sell||7,500||$31.91||$239,325.00|| |
|11/17/2014||Glenn I Macinnes||CFO||Buy||1,500||$31.76||$47,640.00|| |
|11/12/2014||Robert A Finkenzeller||Director||Sell||2,000||$32.03||$64,060.00|| |
|11/5/2014||John Joseph Crawford||Director||Sell||3,000||$31.69||$95,070.00|| |
|8/20/2014||James Copenhaver Smith||Chairman||Sell||7,500||$29.13||$218,475.00|| |
|5/14/2014||James Copenhaver Smith||Chairman||Sell||7,500||$29.82||$223,650.00||293,042|| |
|2/5/2014||John Joseph Crawford||Director||Sell||4,000||$28.97||$115,880.00||24,887|| |
|1/31/2014||Robert Finkenzeller||Director||Sell||2,000||$30.52||$61,040.00||23,804|| |
|11/20/2013||James Copenhaver Smith||Chairman||Sell||7,500||$28.71||$215,325.00||297,375|| |
|10/28/2013||Robert A Finkenzeller||Director||Sell||2,000||$28.65||$57,300.00|| |
|8/14/2013||James Copenhaver Smith||Chairman||Sell||7,500||$26.92||$201,900.00||304,875|| |
|7/24/2013||C Michael Jacobi||Director||Sell||15,009||$27.84||$417,850.56|| |
|7/24/2013||Joseph J Savage||EVP||Sell||2,000||$28.08||$56,160.00|| |
|7/18/2013||John Joseph Crawford||Director||Sell||2,000||$27.27||$54,540.00|| |
|5/15/2013||James Copenhaver Smith||Chairman||Sell||7,500||$23.25||$174,375.00|| |
|5/13/2013||David A Coulter||Director||Sell||8,744,850||$22.50||$196,759,125.00|| |
|10/19/2012||Glenn I Macinnes||CFO||Buy||5,000||$21.83||$109,150.00|| |
Webster Bank (NYSE WBS) News Headlines
Webster Bank (NYSE:WBS) SEC Filings
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Webster Bank (NYSE:WBS) Income Statement, Balance Sheet and Cash Flow Statement
Webster Bank (NYSE WBS) Stock Chart for Wednesday, April, 25, 2018