Webster Financial - WBS Stock Forecast, Price & News

Webster Financial Corporation operates as the bank 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 Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James lowered their price objective on Webster Financial from $73.00 to $57.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 7th. Wedbush downgraded Webster Financial from an "outperform" rating to a "neutral" rating and set a $50.00 price objective for the company. in a research note on Thursday, June 30th. TheStreet lowered Webster Financial from a "b" rating to a "c+" rating in a report on Thursday, April 28th. Compass Point dropped their target price on shares of Webster Financial to $77.00 in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Webster Financial from $61.00 to $51.00 and set a "neutral" rating on the stock in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.25.

Webster Financial Trading Up 1.8 %

Shares of WBS Stock opened at $49.78 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.47. Webster Financial has a twelve month low of $40.72 and a twelve month high of $65.00. The company's 50-day moving average price is $45.07 and its 200-day moving average price is $50.94. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 16.11 and a beta of 1.30.

Webster Financial (NYSE:WBS - Get Rating) last posted its earnings results on Thursday, July 21st. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $607.60 million for the quarter, compared to analyst estimates of $602.36 million. Webster Financial had a net margin of 20.70% and a return on equity of 11.53%. Webster Financial's revenue was up 106.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. As a group, equities analysts predict that Webster Financial will post 5.36 earnings per share for the current year.

Webster Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Tuesday, August 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, August 1st. This represents a $1.60 annualized dividend and a yield of 3.21%. Webster Financial's dividend payout ratio (DPR) is 51.78%.

Insider Buying and Selling at Webster Financial

In other news, COO Luis Massiani sold 8,000 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $46.43, for a total transaction of $371,440.00. Following the completion of the transaction, the chief operating officer now directly owns 152,910 shares in the company, valued at approximately $7,099,611.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Webster Financial news, insider Javier L. Evans sold 1,005 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $47.91, for a total value of $48,149.55. Following the sale, the insider now owns 36,904 shares of the company's stock, valued at $1,768,070.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Luis Massiani sold 8,000 shares of the firm's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $46.43, for a total value of $371,440.00. Following the transaction, the chief operating officer now owns 152,910 shares of the company's stock, valued at $7,099,611.30. The disclosure for this sale can be found here. Company insiders own 1.85% of the company's stock.