Webster Financial - WBS Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WBS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WBS, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued 12-month target prices for Webster Financial's shares. Their WBS share price forecasts range from $50.00 to $77.00. On average, they predict the company's stock price to reach $60.25 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
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Webster Financial's stock was trading at $47.34 at the start of the year. Since then, WBS stock has increased by 16.4% and is now trading at $55.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Webster Financial Co. (NYSE:WBS) announced its quarterly earnings data on Thursday, January, 26th. The financial services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.06. The financial services provider had revenue of $704.60 million for the quarter, compared to analysts' expectations of $708.52 million. Webster Financial had a net margin of 23.64% and a trailing twelve-month return on equity of 12.42%. Webster Financial's quarterly revenue was up 122.3% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share.

Webster Financial announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Monday, February 6th will be paid a dividend of $0.40 per share on Friday, February 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, February 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 2.93%. The dividend payout ratio is 45.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBS will have a dividend payout ratio of 21.68% 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 variety of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (1.26%), Fisher Asset Management LLC (0.54%), Strs Ohio (0.42%), Fort Washington Investment Advisors Inc. OH (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.27%) and Allspring Global Investments Holdings LLC (0.22%). Insiders that own company stock include Christopher J Motl, Daniel Bley, Elizabeth E Flynn, Glenn I Macinnes, Javier L Evans, 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 $55.09.

Webster Financial (NYSE:WBS) has a market capitalization of $9.59 billion and generates $2.47 billion in revenue each year. The financial services provider earns $644.28 million in net income (profit) each year or $3.55 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.