Webster Financial - WBS Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WBS shares.
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6 analysts have issued 12 month 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 share price to reach $61.25 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
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Webster Financial's stock was trading at $55.84 on January 1st, 2022. Since then, WBS stock has decreased by 18.5% and is now trading at $45.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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Webster Financial Co. (NYSE:WBS) issued its quarterly earnings results on Thursday, July, 21st. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.04. The financial services provider earned $607.60 million during the quarter, compared to analysts' expectations of $602.36 million. Webster Financial had a net margin of 20.70% and a trailing twelve-month return on equity of 11.53%. The firm's revenue was up 106.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS.

Webster Financial announced a quarterly dividend on Monday, July 18th. Shareholders of record on Tuesday, August 2nd will be paid a dividend of $0.40 per share on Wednesday, August 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, August 1st.
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 3.55%. 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 51.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBS will have a dividend payout ratio of 25.52% 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 a number of institutional and retail investors. Top institutional shareholders include State Street Corp (3.99%), Price T Rowe Associates Inc. MD (3.84%), Macquarie Group Ltd. (2.84%), FMR LLC (2.11%), Principal Financial Group Inc. (1.39%) and Pzena Investment Management LLC (1.27%). Insiders that own company stock include Christopher J Motl, Daniel Bley, Elizabeth E Flynn, Glenn I Macinnes, Javier L Evans, John Joseph Crawford, John R Ciulla, Luis Massiani, Mark Pettie, Maureen Mitchell, Thomas X Geisel and William L Atwell.
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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 $45.51.

Webster Financial (NYSE:WBS) has a market capitalization of $8.00 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 $3.09 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.