Webster Financial - WBS Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WBS shares.
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6 brokers have issued 12-month target prices for Webster Financial's stock. Their WBS share price forecasts range from $50.00 to $77.00. On average, they predict the company's share price to reach $61.25 in the next year. This suggests a possible upside of 31.9% 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 16.9% and is now trading at $46.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our WBS earnings forecast.

Webster Financial Co. (NYSE:WBS) announced its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The financial services provider had revenue of $607.60 million for the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 106.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS.

Webster Financial announced a quarterly dividend on Monday, July 18th. Stockholders 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 annualized dividend and a yield of 3.45%. 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 3.54%. 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."

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 $46.42.

Webster Financial (NYSE:WBS) has a market capitalization of $8.16 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.