Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset-based lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking. 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 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 Private Banking segment provides relationship banking services for high net worth clients, not-for-profit organizations, and business clients for asset management, trust, loan, and deposit products and financial planning services. The company also provides its services telephone and mobile banking services, as well as through its Website. As of February 14, 2018, it operated 167 banking centers and 334 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:WBS
CUSIP94789010
Phone203-578-2202
Debt
Debt-to-Equity Ratio0.69
Current Ratio0.82
Quick Ratio0.80
Price-To-Earnings
Trailing P/E Ratio25.85
Forward P/E Ratio18.76
P/E Growth2.36
Sales & Book Value
Annual Sales$1.17 billion
Price / Sales5.26
Cash Flow$3.5674 per share
Price / Cash18.77
Book Value$28.41 per share
Price / Book2.36
Profitability
EPS (Most Recent Fiscal Year)$2.59
Net Income$255.43 million
Net Margins23.85%
Return on Equity11.46%
Return on Assets1.10%
Miscellaneous
Employees3,302
Outstanding Shares92,100,000
Market Cap$6,200.07
Webster Financial (NYSE:WBS) Frequently Asked Questions
What is Webster Financial's stock symbol?
Webster Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."
How often does Webster Financial pay dividends? What is the dividend yield for Webster Financial?
Webster Financial declared a quarterly dividend on Monday, April 23rd. Shareholders of record on Monday, May 7th will be paid a dividend of $0.33 per share on Monday, May 21st. This represents a $1.32 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, May 4th. This is an increase from Webster Financial's previous quarterly dividend of $0.26. View Webster Financial's Dividend History.
How were Webster Financial's earnings last quarter?
Webster Financial Co. (NYSE:WBS) issued its quarterly earnings results on Thursday, July, 19th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.87 by $0.05. The financial services provider earned $293.40 million during the quarter, compared to the consensus estimate of $291.53 million. Webster Financial had a net margin of 23.85% and a return on equity of 11.46%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. View Webster Financial's Earnings History.
When is Webster Financial's next earnings date?
What price target have analysts set for WBS?
11 brokerages have issued 1-year price targets for Webster Financial's stock. Their forecasts range from $45.00 to $71.00. On average, they expect Webster Financial's stock price to reach $61.8889 in the next year. This suggests that the stock has a possible downside of 7.6%. View Analyst Ratings for Webster Financial.
What is the consensus analysts' recommendation for Webster Financial?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Webster Financial stock?
Here are some recent quotes from research analysts about Webster Financial stock:
- 1. Boenning Scattergood analysts commented, "We maintain our Neutral rating on shares of WBS with the stock trading at a significant premium to peers on forward P/E 2019 (16.9x vs. 13.1x) and price-to-tangible book (3.0x vs. 2.1x). We believe Webster is largely on the right track with its three-pronged approach to (1) aggressively grow the HSA Bank division, (2) expand (3) optimize and transform Community Banking. The benefits of the first two initiatives are readily apparent as a combination of variable rate loans (70% of total) and sticky, low-beta deposit funding translate into an asset-sensitive balance sheet and expanding NIM as a result of the Fed’s interest rate-hiking agenda. We recommend investors look for a more attractive entry point to initiate new positions or add to existing rather than purchase near the 12-month high." (7/19/2018)
- 2. According to Zacks Investment Research, "Shares of Webster Financial have outperformed the industry over the past six months. While earnings estimates have remained stable lately ahead of Q2 earnings release, the company possesses an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three out of the trailing four quarters. Webster Financial’s continued growth in loans and deposits will aid profitability. Also, top-line strength and ample liquidity keep us encouraged. However, persistently rising cost base is a major concern which might be further elevated by the company's efforts to strengthen HSA Bank segment. Also, high exposure in commercial and commercial real estate loans can be risky for the company if the housing sector weakens. Nevertheless, the rising interest-rate environment and lower tax rates will support bottom line growth." (7/17/2018)
Who are some of Webster Financial's key competitors?
Some companies that are related to Webster Financial include BANCO DO BRASIL/S (BDORY), KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), CIT Group (CIT), Synovus Financial (SNV), BOK Financial (BOKF), PacWest Bancorp (PACW), First Horizon National (FHN), Akbank T.A.S. (AKBTY) and Sterling Bancorp (STL).
Who are Webster Financial's key executives?
Webster Financial's management team includes the folowing people:
- Mr. John R. Ciulla, Pres, CEO & Director (Age 52)
- Mr. Glenn I. Maclnnes, Exec. VP & CFO (Age 57)
- Mr. Nitin J. Mhatre, Exec. VP & Head of Community Banking (Age 47)
- Mr. Christopher J. Motl, Exec. VP & Head of Community Banking (Age 47)
- Mr. Albert J. Wang CPA, CPA, Chief Accounting Officer (Age 43)
Has Webster Financial been receiving favorable news coverage?
Media coverage about WBS stock has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Webster Financial earned a media sentiment score of 0.04 on Accern's scale. They also assigned headlines about the financial services provider an impact score of 47.74 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Webster Financial's major shareholders?
Webster Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.09%), Pennsylvania Trust Co (0.07%), Fred Alger Management Inc. (0.05%), Municipal Employees Retirement System of Michigan (0.02%), Xact Kapitalforvaltning AB (0.02%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Webster Financial stock include C Michael Jacobi, Daniel Bley, Dawn C Morris, Elizabeth E Flynn, Gregory Madar, Harriet Munrett Wolfe, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, John R Ciulla, Joseph J Savage, Karen R Osar, Laurence C Morse, Mark Pettie, Nitin J Mhatre and William L Atwell. View Institutional Ownership Trends for Webster Financial.
Which institutional investors are selling Webster Financial stock?
WBS stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and Municipal Employees Retirement System of Michigan. Company insiders that have sold Webster Financial company stock in the last year include Daniel Bley, Dawn C Morris, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, Karen R Osar, Laurence C Morse, Mark Pettie and Nitin J Mhatre. View Insider Buying and Selling for Webster Financial.
Which institutional investors are buying Webster Financial stock?
WBS stock was bought by a variety of institutional investors in the last quarter, including Pennsylvania Trust Co, Fred Alger Management Inc., State of Alaska Department of Revenue and Xact Kapitalforvaltning AB. Company insiders that have bought Webster Financial stock in the last two years include Elizabeth E Flynn and William L Atwell. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Webster Financial's stock price today?
One share of WBS stock can currently be purchased for approximately $66.96.
How big of a company is Webster Financial?
Webster Financial has a market capitalization of $6.20 billion and generates $1.17 billion in revenue each year. The financial services provider earns $255.43 million in net income (profit) each year or $2.59 on an earnings per share basis. Webster Financial employs 3,302 workers across the globe.
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]
MarketBeat Community Rating for Webster Financial (NYSE WBS)
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.
