NYSE:WBSWebster Financial Stock Price, Forecast & News

$29.82

+1.57 (+5.56 %)

(As of 06/4/2020 09:43 AM ET)

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Today's Range

$28.77

Now: $29.82▼

$30.48

50-Day Range

$21.13

MA: $25.14▼

$29.80

52-Week Range

$18.16

Now: $29.82▼

$54.04

Volume1.23 million shs

Average Volume823,599 shs

Market Capitalization$2.69 billion

P/E Ratio8.77

Dividend Yield5.66%

Beta1.69

Webster Financial Corporation operates as the 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 Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services. This segment also offers relationship banking services for high net worth clients, not-for-profit organizations, and business clients with deposit and loan products; and asset management, financial planning, and trust services. 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 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 company also provides telephone and mobile banking services, as well as through its Website. As of February 21, 2019, it operated 157 banking centers and 316 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Webster Financial has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.00, Webster Financial has a potential upside of 14.0% from its current price of $29.82.
Amount of Analyst Coverage
Webster Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Webster Financial has received 463 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Webster Financial has received 580 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Webster Financial has received 55.61% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Webster Financial 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.

4.2 Dividend Strength

Dividend Leadership
Webster Financial is a leading dividend payer. It pays a dividend yield of 5.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Webster Financial has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Webster Financial is 39.31 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Webster Financial will have a dividend payout ratio of 55.56 % next year. This indicates that Webster Financial will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Webster Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $562,925.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.46% of the stock of Webster Financial is held by insiders.
Percentage Held by Institutions
85.89% of the stock of Webster Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Webster Financial are expected to grow by 35.21% in the coming year, from $2.13 to $2.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Webster Financial is 8.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Webster Financial is 8.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.78.
Price to Book Value per Share Ratio
Webster Financial has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.34 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:WBS

Previous Symbol

CUSIP94789010

CIK801337

Webpublic.websteronline.com

Phone203-578-2202

Debt

Debt-to-Equity Ratio0.80

Current Ratio0.83

Quick Ratio0.83

Price-To-Earnings

Trailing P/E Ratio8.77

Forward P/E Ratio14.00

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.44 billion

Price / Sales1.87

Cash Flow$5.40 per share

Price / Cash Flow5.52

Book Value$33.28 per share

Price / Book0.90

Profitability

EPS (Most Recent Fiscal Year)$4.07

Net Income$382.72 million

Net Margins22.40%

Return on Equity10.80%

Return on Assets1.07%

Miscellaneous

Employees3,298

Outstanding Shares90,170,000

Market Cap$2.69 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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Webster Financial (NYSE:WBS) Frequently Asked Questions

How has Webster Financial's stock been impacted by COVID-19 (Coronavirus)?

Webster Financial's stock was trading at $30.71 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WBS shares have decreased by 2.9% and is now trading at $29.82. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Webster Financial?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Webster Financial.

When is Webster Financial's next earnings date?

Webster Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Webster Financial.

How were Webster Financial's earnings last quarter?

Webster Financial Co. (NYSE:WBS) announced its quarterly earnings results on Tuesday, April, 21st. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.17. The financial services provider had revenue of $304.18 million for the quarter, compared to analysts' expectations of $304.50 million. Webster Financial had a net margin of 22.40% and a return on equity of 10.80%. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 earnings per share. View Webster Financial's earnings history.

How often does Webster Financial pay dividends? What is the dividend yield for Webster Financial?

Webster Financial announced a quarterly dividend on Tuesday, April 21st. Investors of record on Wednesday, May 6th will be paid a dividend of $0.40 per share on Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Tuesday, May 5th. View Webster Financial's dividend history.

What price target have analysts set for WBS?

9 analysts have issued 1 year price objectives for Webster Financial's shares. Their forecasts range from $23.50 to $53.00. On average, they expect Webster Financial's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View analysts' price targets for Webster Financial.

Has Webster Financial been receiving favorable news coverage?

Headlines about WBS stock have been trending somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Webster Financial earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutWebster Financial.

Are investors shorting Webster Financial?

Webster Financial saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,290,000 shares, a drop of 23.7% from the April 30th total of 3,000,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.6% of the shares of the stock are short sold. View Webster Financial's Current Options Chain.

Who are some of Webster Financial's key competitors?

Some companies that are related to Webster Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of Webster Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Webster Financial investors own include AT&T (T), Verizon Communications (VZ), Wells Fargo & Co (WFC), Exxon Mobil (XOM), BP (BP), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Johnson & Johnson (JNJ), Magellan Midstream Partners (MMP) and Occidental Petroleum (OXY).

Who are Webster Financial's key executives?

Webster Financial's management team includes the following people:

Mr. John R. Ciulla, Pres, CEO & Director (Age 53)
Mr. Glenn I. MacInnes, Exec. VP & CFO (Age 58)
Mr. Nitin J. Mhatre, Exec. VP & Head of Community Banking (Age 48)
Mr. Charles L. Wilkins, Exec. VP (Age 57)
Mr. Christopher J. Motl, Exec. VP & Head of Commercial Banking (Age 48)

What is Webster Financial's stock symbol?

Webster Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."

Who are Webster Financial's major shareholders?

Webster Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.33%), State Street Corp (3.25%), Alliancebernstein L.P. (2.93%), Frontier Capital Management Co. LLC (2.74%), Wasatch Advisors Inc. (2.54%) and Pzena Investment Management LLC (2.39%). Company insiders that own Webster Financial stock include Charles L Wilkins, 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.

Which major investors are selling Webster Financial stock?

WBS stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Bank of New York Mellon Corp, JPMorgan Chase & Co., Waddell & Reed Financial Inc., Nicholas Company Inc., Frontier Capital Management Co. LLC, GW&K Investment Management LLC, and BlackRock Inc.. Company insiders that have sold Webster Financial company stock in the last year include Daniel Bley, John Joseph Crawford, and Mark Pettie. View insider buying and selling activity for Webster Financial.

Which major investors are buying Webster Financial stock?

WBS stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Peregrine Capital Management LLC, Wasatch Advisors Inc., Pzena Investment Management LLC, Alliancebernstein L.P., Parametric Portfolio Associates LLC, Hennessy Advisors Inc., and Aigen Investment Management LP. 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.

How do I buy shares of 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.

What is Webster Financial's stock price today?

One share of WBS stock can currently be purchased for approximately $29.82.

How big of a company is Webster Financial?

Webster Financial has a market capitalization of $2.69 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.

What is Webster Financial's official website?

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

How can I contact Webster Financial?

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]

This page was last updated on 6/4/2020 by MarketBeat.com Staff