Webster Financial - WBS Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WBS shares.
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6 analysts have issued 1-year price targets for Webster Financial's stock. Their WBS share price forecasts range from $50.00 to $77.00. On average, they anticipate the company's stock price to reach $59.75 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
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Webster Financial's stock was trading at $55.84 at the beginning of the year. Since then, WBS stock has decreased by 10.8% and is now trading at $49.82.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
View our WBS earnings forecast.

Webster Financial Co. (NYSE:WBS) issued its earnings results on Thursday, October, 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.06. The financial services provider earned $664.60 million during the quarter, compared to the consensus estimate of $640.62 million. Webster Financial had a trailing twelve-month return on equity of 12.09% and a net margin of 23.15%. The firm's revenue was up 112.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share.

Webster Financial announced a quarterly dividend on Tuesday, October 25th. Stockholders of record on Friday, November 4th will be paid a dividend of $0.40 per share on Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, November 3rd.
Read our dividend analysis for WBS.

Webster Financial (NYSE:WBS) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBS will have a dividend payout ratio of 24.21% 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 Vanguard Group Inc. (10.16%), BlackRock Inc. (9.83%), State Street Corp (4.30%), Price T Rowe Associates Inc. MD (3.31%), Macquarie Group Ltd. (2.88%) and Dimensional Fund Advisors LP (2.64%). Insiders that own company stock include Christopher J Motl, Daniel Bley, Elizabeth E Flynn, Glenn I Macinnes, Javier L Evans, John R Ciulla, 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.
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One share of WBS stock can currently be purchased for approximately $49.82.

Webster Financial (NYSE:WBS) has a market capitalization of $8.67 billion and generates $1.27 billion in revenue each year. The financial services provider earns $408.86 million in net income (profit) each year or $3.37 on an earnings per share basis.

The company employs 3,245 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.