Webster Financial - WBS Stock Forecast, Price & News

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.

Webster Financial Stock Down 0.3 %

Shares of WBS traded down $0.14 during mid-day trading on Tuesday, reaching $46.06. The company's stock had a trading volume of 8,665 shares, compared to its average volume of 963,856. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.85 and a quick ratio of 0.85. Webster Financial has a 12-month low of $40.72 and a 12-month high of $65.00. The stock has a market cap of $8.27 billion, a PE ratio of 14.95 and a beta of 1.30. The company's 50 day moving average is $45.17 and its 200 day moving average is $51.14.

Webster Financial (NYSE:WBS - Get Rating) last announced its quarterly earnings results 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 company had revenue of $607.60 million for the quarter, compared to analyst estimates of $602.36 million. Webster Financial had a net margin of 20.70% and a return on equity of 11.53%. The firm's revenue was up 106.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. Equities analysts anticipate that Webster Financial will post 5.36 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Tuesday, August 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 1st. This represents a $1.60 dividend on an annualized basis and a yield of 3.47%. Webster Financial's dividend payout ratio (DPR) is presently 51.78%.

Analyst Ratings Changes

Several research firms have recently commented on WBS. Raymond James lowered their price objective on shares of Webster Financial from $73.00 to $57.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 7th. Wedbush downgraded shares of Webster Financial from an "outperform" rating to a "neutral" rating and set a $50.00 price target for the company. in a research note on Thursday, June 30th. Jefferies Financial Group decreased their target price on Webster Financial from $62.00 to $55.00 in a report on Monday, July 11th. StockNews.com cut Webster Financial from a "hold" rating to a "sell" rating in a research note on Monday, May 2nd. Finally, Compass Point reduced their price target on Webster Financial to $77.00 in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.25.

Insider Buying and Selling at Webster Financial

In other news, insider Javier L. Evans sold 1,005 shares of Webster Financial stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $47.91, for a total transaction of $48,149.55. Following the sale, the insider now owns 36,904 shares in the company, valued at $1,768,070.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Javier L. Evans sold 1,005 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $47.91, for a total value of $48,149.55. Following the completion of the sale, the insider now directly owns 36,904 shares of the company's stock, valued at $1,768,070.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Luis Massiani sold 8,000 shares of Webster Financial stock in a transaction on Friday, August 5th. The shares were sold at an average price of $46.43, for a total transaction of $371,440.00. Following the completion of the transaction, the chief operating officer now directly owns 152,910 shares in the company, valued at $7,099,611.30. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by insiders.