Webster Financial Corporation Company Profile (NYSE:WBS)

About Webster Financial Corporation (NYSE:WBS)

Webster Financial Corporation logoWebster Financial Corporation is a bank and financial holding company. The Company's segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking. The Community Banking segment consists of its Personal Banking and Business Banking segments. HSA Bank, a division of its subsidiary, Webster Bank, National Association, offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions. Private Banking serves high-net-worth clients, not-for-profit organizations, and business clients with asset management, trust, loan and deposit products, and financial planning services. Its treasury unit and consumer-liquidating portfolio are included in the Corporate and Reconciling segment.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:WBS
  • CUSIP: 94789010
  • Web: www.websterbank.com
  • Market Cap: $5.01 billion
  • Outstanding Shares: 92,075,000
Average Prices:
  • 50 Day Moving Avg: $50.60
  • 200 Day Moving Avg: $50.55
  • 52 Week Range: $37.82 - $57.50
  • Trailing P/E Ratio: 23.03
  • Foreward P/E Ratio: 19.03
  • P/E Growth: 1.99
Sales & Book Value:
  • Annual Revenue: $976.03 million
  • Price / Sales: 5.14
  • Book Value: $26.97 per share
  • Price / Book: 2.02
  • Annual Dividend: $1.04
  • Dividend Yield: 1.9%
  • Net Margins: 21.09%
  • Return on Equity: 9.89%
  • Return on Assets: 0.93%
  • Debt-to-Equity Ratio: 0.69%
  • Current Ratio: 0.81%
  • Quick Ratio: 0.82%
  • Average Volume: 582,129 shs.
  • Beta: 1.26
  • Short Ratio: 4.67

Frequently Asked Questions for Webster Financial Corporation (NYSE:WBS)

What is Webster Financial Corporation's stock symbol?

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

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

Webster Financial Corporation declared a quarterly dividend on Monday, July 24th. Shareholders of record on Monday, August 7th will be given a dividend of $0.26 per share on Monday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, August 3rd. View Webster Financial Corporation's Dividend History.

How were Webster Financial Corporation's earnings last quarter?

Webster Financial Corporation (NYSE:WBS) posted its quarterly earnings results on Thursday, October, 19th. The company reported $0.67 EPS for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.03. The company earned $266.75 million during the quarter, compared to analyst estimates of $269.03 million. Webster Financial Corporation had a net margin of 21.09% and a return on equity of 9.89%. During the same period in the previous year, the company posted $0.54 earnings per share. View Webster Financial Corporation's Earnings History.

When will Webster Financial Corporation make its next earnings announcement?

Webster Financial Corporation is scheduled to release their next quarterly earnings announcement on Thursday, January, 18th 2018. View Earnings Estimates for Webster Financial Corporation.

Where is Webster Financial Corporation's stock going? Where will Webster Financial Corporation's stock price be in 2017?

9 equities research analysts have issued 12-month price objectives for Webster Financial Corporation's stock. Their forecasts range from $43.00 to $63.00. On average, they anticipate Webster Financial Corporation's stock price to reach $53.63 in the next year. View Analyst Ratings for Webster Financial Corporation.

What are analysts saying about Webster Financial Corporation stock?

Here are some recent quotes from research analysts about Webster Financial Corporation stock:

  • 1. Boenning Scattergood analysts commented, "Webster reported 3Q17 operating EPS of $0.67 versus $0.55 in the year- prior quarter. Our estimate was $0.62, and the consensus was $0.65. GAAP EPS matched operating results. Relative to our estimate, lower-than-expected expenses and provision drove better-than-expected EPS. On a sequential-quarter basis, NIM expanded 3 bps to 3.30% while Webster’s loan-to-deposit spread increased 7 bps. Declining securities yields and higher borrowing costs dragged on NIM. On a linked-quarter basis, period-end loans and deposits grew 3.8% and 7.8%, annualized, respectively. Loan growth in C&I and residential real estate overcame a decline in CRE. Management suggested CRE balances contracted due to paydowns and the bank becoming more selective as terms and rates offered by some lenders did not match Webster’s. Savings and NOW declined; all other deposit categories grew." (10/20/2017)
  • 2. According to Zacks Investment Research, "Shares of Webster Financial have outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. Webster Financial’s consistent growth in loans and deposits and easing margin pressure will aid profitability. Also, top-line strength and ample liquidity keep us encouraged. Further, its efforts to strengthen HSA Bank segment bode well for the long term. However, consistently rising cost base remains a major concern and significant exposure to commercial loans could pose a threat to its financials. Further, a stretched valuation indicates limited upside potential for the stock." (10/9/2017)
  • 3. FBR & Co analysts commented, "We reiterate our Market Perform rating and $54 price target, equal to 20.4x our 2018 EPS estimate, on Webster Financial following 4Q16 results. Revenues looked okay this quarter, but expenses from continued Boston expansion efforts, the HSA business, and share-based compensation costs led to a slight miss. We continue to view Webster as a solid bank and acknowledge potential HSA tailwinds from healthcare policy reform; however, we remain on the sidelines given relative valuation and weaker near-term profitability given continued investment." (1/20/2017)

Who are some of Webster Financial Corporation's key competitors?

Who are Webster Financial Corporation's key executives?

Webster Financial Corporation's management team includes the folowing people:

  • James C. Smith, Non-Executive Chairman of the Board
  • John R. Ciulla, President, Chief Executive Officer
  • Glenn I. MacInnes, Chief Financial Officer, Executive Vice President
  • Bernard M. Garrigues, Chief Human Resource Officer, Executive Vice President
  • Colin D. Eccles, Executive Vice President, Chief Information Officer of the company and Webster Bank
  • Dawn C. Morris, Executive Vice President, Chief Marketing Officer
  • Daniel H. Bley, Executive Vice President, Chief Risk Officer of the Company and Webster Bank
  • Harriet Munrett Wolfe, Executive Vice President, General Counsel, Secretary of the Company and Webster Bank
  • Nitin J. Mhatre, Executive Vice President - Community Banking of the Company and Webster Bank
  • Christopher J. Motl, Executive Vice President - Commercial Banking of company and Webster Bank

Who owns Webster Financial Corporation stock?

Webster Financial Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.96%), Smith Graham & Co. Investment Advisors LP (0.20%), Nationwide Fund Advisors (0.18%), Mutual of America Capital Management LLC (0.16%) and State Treasurer State of Michigan (0.04%). Company insiders that own Webster Financial Corporation stock include C Michael Jacobi, Daniel Bley, Daniel Manning Fitzpatrick, 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 Corporation.

Who sold Webster Financial Corporation stock? Who is selling Webster Financial Corporation stock?

Webster Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Nationwide Fund Advisors, State Treasurer State of Michigan and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold Webster Financial Corporation stock in the last year include C Michael Jacobi, Daniel Bley, Dawn C Morris, 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 and Nitin J Mhatre. View Insider Buying and Selling for Webster Financial Corporation.

Who bought Webster Financial Corporation stock? Who is buying Webster Financial Corporation stock?

Webster Financial Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have bought Webster Financial Corporation stock in the last two years include Elizabeth E Flynn and William L Atwell. View Insider Buying and Selling for Webster Financial Corporation.

How do I buy Webster Financial Corporation stock?

Shares of Webster Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Webster Financial Corporation's stock price today?

One share of Webster Financial Corporation stock can currently be purchased for approximately $54.44.

MarketBeat Community Rating for Webster Financial Corporation (NYSE WBS)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  250 (Vote Outperform)
Underperform Votes:  351 (Vote Underperform)
Total Votes:  601
MarketBeat's community ratings are surveys of what our community members think about Webster Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Webster Financial Corporation (NYSE:WBS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.11)
Consensus Price Target: $53.63 (1.50% downside)
Consensus Price Target History for Webster Financial Corporation (NYSE:WBS)
Price Target History for Webster Financial Corporation (NYSE:WBS)
Analysts' Ratings History for Webster Financial Corporation (NYSE:WBS)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Keefe, Bruyette & WoodsReiterated RatingBuy$63.00N/AView Rating Details
10/20/2017Barclays PLCSet Price TargetHold$52.00 -> $55.00N/AView Rating Details
10/20/2017Wells Fargo & CompanyBoost Price TargetMarket Perform$50.00 -> $55.00N/AView Rating Details
10/20/2017Boenning ScattergoodReiterated RatingHoldN/AView Rating Details
7/14/2017Piper Jaffray CompaniesReiterated RatingSell$46.00LowView Rating Details
7/14/2017Jefferies Group LLCReiterated RatingHold$53.00LowView Rating Details
6/27/2017WedbushReiterated RatingOutperform$60.00MediumView Rating Details
1/20/2017FBR & CoReiterated RatingHold$54.00N/AView Rating Details
11/8/2016Deutsche Bank AGDowngradeBuy -> Hold$43.00N/AView Rating Details
7/7/2016J P Morgan Chase & CoLower Price TargetOverweight$39.00 -> $38.00N/AView Rating Details
4/20/2016Royal Bank Of CanadaBoost Price TargetSector Perform$35.00 -> $36.00N/AView Rating Details
1/15/2016Goldman Sachs Group, Inc. (The)UpgradeNeutral -> BuyN/AView Rating Details
1/15/2016GuggenheimUpgradeNeutral -> BuyN/AView Rating Details
11/20/2015Sandler O'NeillBoost Price TargetHold$38.00 -> $40.00N/AView Rating Details
(Data available from 10/24/2015 forward)


Earnings History for Webster Financial Corporation (NYSE:WBS)
Earnings by Quarter for Webster Financial Corporation (NYSE:WBS)
Earnings History by Quarter for Webster Financial Corporation (NYSE WBS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/17/2018$0.65N/AView Earnings Details
10/19/2017Q3 2017$0.64$0.67$269.03 million$266.75 millionViewN/AView Earnings Details
7/21/2017Q2 2017$0.60$0.64$260.91 million$262.50 millionViewN/AView Earnings Details
4/21/2017Q1 2017$0.57$0.62$254.48 million$255.70 millionViewN/AView Earnings Details
1/19/2017Q416$0.55$0.60$183.81 million$255.90 millionViewListenView Earnings Details
10/21/2016Q316$0.53$0.54$178.53 million$246.60 millionViewListenView Earnings Details
7/20/2016Q216$0.52$0.53$177.92 million$242.00 millionViewListenView Earnings Details
4/19/2016Q116$0.53$0.51$179.49 million$240.10 millionViewListenView Earnings Details
1/21/2016Q415$0.55$0.55$170.98 million$233.69 millionViewListenView Earnings Details
10/15/2015Q315$0.55$0.54$167.28 million$229.50 millionViewListenView Earnings Details
7/16/2015Q215$0.55$0.55$224.33 million$223.36 millionViewListenView Earnings Details
4/16/2015Q115$0.54$0.52$220.66 million$217.65 millionViewListenView Earnings Details
1/22/2015Q414$0.53$0.53$158.24 million$215.20 millionViewListenView Earnings Details
10/16/2014Q314$0.52$0.53$207.80 million$208.28 millionViewListenView Earnings Details
7/17/2014Q214$0.51$0.50$208.18 million$202.72 millionViewListenView Earnings Details
4/17/2014Q114$0.49$0.50$206.10 million$205.13 millionViewListenView Earnings Details
1/17/2014Q413$0.50$0.52$153.13 million$205.40 millionViewListenView Earnings Details
10/11/2013Q313$0.49$0.49$149.70 millionViewListenView Earnings Details
7/12/2013Q2 2013$0.48$0.48$147.84 millionViewListenView Earnings Details
4/15/2013Q1 2013$0.46$0.44$152.25 millionViewListenView Earnings Details
1/18/2013Q4 2012$0.49$0.52$144.56 millionViewListenView Earnings Details
10/12/2012Q312$0.45$0.48$144.69 millionViewN/AView Earnings Details
7/13/2012$0.44$0.44ViewN/AView Earnings Details
4/17/2012$0.40$0.42ViewN/AView Earnings Details
1/19/2012$0.42$0.43ViewN/AView Earnings Details
10/14/2011$0.40$0.45ViewN/AView Earnings Details
7/15/2011$0.35$0.36ViewN/AView Earnings Details
1/14/2011$0.20$0.30ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Webster Financial Corporation (NYSE:WBS)
2017 EPS Consensus Estimate: $2.45
2018 EPS Consensus Estimate: $2.78
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.56$0.58$0.57
Q2 20174$0.59$0.60$0.60
Q3 20174$0.61$0.65$0.63
Q4 20174$0.62$0.69$0.66
Q1 20184$0.64$0.68$0.65
Q2 20184$0.65$0.71$0.68
Q3 20184$0.68$0.75$0.72
Q4 20184$0.68$0.75$0.72
(Data provided by Zacks Investment Research)


Current Dividend Information for Webster Financial Corporation (NYSE:WBS)
Most Recent Dividend:8/21/2017
Annual Dividend:$1.04
Dividend Yield:1.91%
Dividend Growth:21.20% (3 Year Average)
Payout Ratio:41.11% (Trailing 12 Months of Earnings)
40.15% (Based on This Year's Estimates)
36.36% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Webster Financial Corporation (NYSE:WBS)

Dividend History by Quarter for Webster Financial Corporation (NYSE WBS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Webster Financial Corporation (NYSE:WBS)
Insider Ownership Percentage: 2.20%
Institutional Ownership Percentage: 93.67%
Insider Trades by Quarter for Webster Financial Corporation (NYSE:WBS)
Institutional Ownership by Quarter for Webster Financial Corporation (NYSE:WBS)
Insider Trades by Quarter for Webster Financial Corporation (NYSE:WBS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/2/2017Nitin J MhatreEVPSell31,940$51.34$1,639,799.60View SEC Filing  
7/27/2017Daniel BleyEVPSell8,000$51.20$409,600.00View SEC Filing  
5/8/2017Dawn C MorrisEVPSell900$52.02$46,818.00View SEC Filing  
5/4/2017Harriet Munrett WolfeEVPSell3,540$52.36$185,354.40View SEC Filing  
5/3/2017John Joseph CrawfordDirectorSell5,063$51.30$259,731.90View SEC Filing  
5/2/2017Mark PettieDirectorSell3,987$50.53$201,463.11View SEC Filing  
4/26/2017Daniel BleyEVPSell5,000$53.31$266,550.00View SEC Filing  
4/26/2017John Joseph CrawfordDirectorSell2,753$53.30$146,734.90View SEC Filing  
4/25/2017Laurence C MorseDirectorSell4,971$51.88$257,895.48View SEC Filing  
2/3/2017Joel S BeckerDirectorSell4,231$52.97$224,116.07View SEC Filing  
2/2/2017John Joseph CrawfordDirectorSell5,000$51.47$257,350.00View SEC Filing  
1/31/2017Gregory MadarInsiderSell640$52.56$33,638.40View SEC Filing  
1/30/2017Karen R OsarDirectorSell16,487$52.58$866,886.46View SEC Filing  
1/26/2017C Michael JacobiDirectorSell41,910$54.55$2,286,190.50View SEC Filing  
1/26/2017Joseph J SavageInsiderSell8,000$54.46$435,680.00View SEC Filing  
1/25/2017James Copenhaver SmithChairmanSell100,284$54.42$5,457,455.28View SEC Filing  
1/25/2017John Joseph CrawfordDirectorSell9,971$53.79$536,340.09View SEC Filing  
1/25/2017John R CiullaPresidentSell15,129$53.89$815,301.81View SEC Filing  
1/23/2017Daniel BleyEVPSell13,671$51.74$707,337.54View SEC Filing  
1/23/2017Gregory MadarInsiderSell2,500$51.89$129,725.00View SEC Filing  
11/4/2016Joseph J SavageInsiderSell2,500$40.13$100,325.00View SEC Filing  
11/1/2016Karen R OsarDirectorSell12,500$40.26$503,250.00View SEC Filing  
10/31/2016William L AtwellDirectorBuy4,000$40.11$160,440.00View SEC Filing  
10/28/2016C Michael JacobiDirectorSell4,552$40.19$182,944.88View SEC Filing  
10/27/2016John Joseph CrawfordDirectorSell800$40.42$32,336.00View SEC Filing  
10/27/2016John R CiullaPresidentSell8,496$40.58$344,767.68View SEC Filing  
10/25/2016Daniel BleyEVPSell4,468$39.74$177,558.32View SEC Filing  
10/25/2016Gregory MadarInsiderSell500$37.61$18,805.00View SEC Filing  
10/25/2016John Joseph CrawfordDirectorSell3,000$39.82$119,460.00View SEC Filing  
8/3/2016Elizabeth E FlynnDirectorBuy2,900$35.97$104,313.00View SEC Filing  
8/1/2016Daniel BleyEVPSell5,153$36.03$185,662.59View SEC Filing  
7/28/2016Gregory MadarInsiderSell500$36.12$18,060.00View SEC Filing  
7/28/2016John Joseph CrawfordDirectorSell3,000$36.15$108,450.00View SEC Filing  
5/4/2016Daniel Manning FitzpatrickEVPSell6,001$35.31$211,895.31View SEC Filing  
5/2/2016Joseph J SavageVice ChairmanSell2,000$36.83$73,660.00View SEC Filing  
4/29/2016John R CiullaPresidentSell12,231$36.51$446,553.81View SEC Filing  
4/27/2016Gregory MadarCAOSell2,115$37.42$79,143.30View SEC Filing  
4/22/2016Daniel BleyEVPSell2,500$36.95$92,375.00View SEC Filing  
4/21/2016Dawn C MorrisCMOSell762$36.79$28,033.98View SEC Filing  
2/4/2016Gregory MadarCAOSell825$33.68$27,786.00View SEC Filing  
1/27/2016Gregory MadarCAOSell3,360$32.58$109,468.80View SEC Filing  
1/26/2016Elizabeth E FlynnDirectorBuy6,500$32.26$209,690.00View SEC Filing  
1/25/2016Daniel Manning FitzpatrickEVPSell6,126$31.00$189,906.00View SEC Filing  
10/30/2015Joseph J SavageVice ChairmanSell15,000$37.71$565,650.00View SEC Filing  
10/26/2015C Michael JacobiDirectorSell5,419$37.06$200,828.14View SEC Filing  
7/23/2015Joseph J SavagePresidentSell15,000$39.54$593,100.00View SEC Filing  
5/20/2015James Copenhaver SmithChairmanSell7,500$38.19$286,425.00View SEC Filing  
4/28/2015Gregory MadarCAOSell750$36.40$27,300.00View SEC Filing  
4/28/2015John Joseph CrawfordDirectorSell3,386$36.15$122,403.90View SEC Filing  
4/28/2015John R CiullaEVPSell6,500$36.24$235,560.00View SEC Filing  
4/27/2015John Joseph CrawfordDirectorSell1,580$36.25$57,275.00View SEC Filing  
4/23/2015Robert A FinkenzellerDirectorSell2,000$36.14$72,280.00View SEC Filing  
4/21/2015John Joseph CrawfordDirectorSell877$36.00$31,572.00View SEC Filing  
2/18/2015James Copenhaver SmithChairmanSell7,500$34.11$255,825.00View SEC Filing  
11/19/2014James Copenhaver SmithChairmanSell7,500$31.91$239,325.00View SEC Filing  
11/17/2014Glenn I MacinnesCFOBuy1,500$31.76$47,640.00View SEC Filing  
11/12/2014Robert A FinkenzellerDirectorSell2,000$32.03$64,060.00View SEC Filing  
11/5/2014John Joseph CrawfordDirectorSell3,000$31.69$95,070.00View SEC Filing  
8/20/2014James Copenhaver SmithChairmanSell7,500$29.13$218,475.00View SEC Filing  
5/14/2014James Copenhaver SmithChairmanSell7,500$29.82$223,650.00View SEC Filing  
2/5/2014John Joseph CrawfordDirectorSell4,000$28.97$115,880.00View SEC Filing  
1/31/2014Robert FinkenzellerDirectorSell2,000$30.52$61,040.00View SEC Filing  
11/20/2013James Copenhaver SmithChairmanSell7,500$28.71$215,325.00View SEC Filing  
10/28/2013Robert A FinkenzellerDirectorSell2,000$28.65$57,300.00View SEC Filing  
8/14/2013James Copenhaver SmithChairmanSell7,500$26.92$201,900.00View SEC Filing  
7/24/2013C Michael JacobiDirectorSell15,009$27.84$417,850.56View SEC Filing  
7/24/2013Joseph J SavageEVPSell2,000$28.08$56,160.00View SEC Filing  
7/18/2013John Joseph CrawfordDirectorSell2,000$27.27$54,540.00View SEC Filing  
5/15/2013James Copenhaver SmithChairmanSell7,500$23.25$174,375.00View SEC Filing  
5/13/2013David A CoulterDirectorSell8,744,850$22.50$196,759,125.00View SEC Filing  
10/19/2012Glenn I MacinnesCFOBuy5,000$21.83$109,150.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Webster Financial Corporation (NYSE:WBS)
Latest Headlines for Webster Financial Corporation (NYSE:WBS)
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Webster Financial Corporation (WBS) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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