Webster Financial Corporation operates as the 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 Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone203-578-2202
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.34 billion
Profitability
Miscellaneous
Employees3,265
Next Earnings Date4/16/2020 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Tuesday, October 29th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share on Tuesday, November 26th. This represents a $1.60 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, November 8th. View Webster Financial's Dividend History.
How were Webster Financial's earnings last quarter?
Webster Financial Co. (NYSE:WBS) announced its quarterly earnings data on Thursday, January, 23rd. The financial services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by $0.01. The financial services provider earned $302.20 million during the quarter, compared to the consensus estimate of $308.90 million. Webster Financial had a return on equity of 13.49% and a net margin of 27.14%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. View Webster Financial's Earnings History.
When is Webster Financial's next earnings date?
What price target have analysts set for WBS?
8 analysts have issued 1 year target prices for Webster Financial's shares. Their forecasts range from $46.50 to $62.00. On average, they expect Webster Financial's stock price to reach $52.42 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Price Targets for Webster Financial.
What is the consensus analysts' recommendation for Webster Financial?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Webster Financial.
What are Wall Street analysts saying about Webster Financial stock?
Here are some recent quotes from research analysts about Webster Financial stock:
- 1. According to Zacks Investment Research, "Shares of Webster Financial have underperformed the industry in the past six months. Also, earnings estimates have been revised downward ahead of the third quarter results. However, persistently rising costs are a major concern, which might be further elevated by the company's efforts to strengthen the HSA Bank segment. Also, high exposure in residential and commercial real estate loans can be risky if the housing sector weakens. Nevertheless, it possesses an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Webster Financial’s continued growth in loans and deposits will support profitability. Further, top-line strength and ample liquidity keep the optimism alive. Additionally, the company's margins are expected to continue benefiting from decent lending scenario." (10/19/2019)
- 2. 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 (13.6x vs. 11.1x) and price-to-tangible book (2.4x vs. 1.8x). Webster’s asset-sensitive balance sheet and commercial growth engine continue to produce strong core results. With an 84% loan-to-deposit ratio, >70% of loans pricing on a floating or periodic basis, and a 0.70% cost of funds, the bank is well positioned to reap the benefits of any additional increases in interest rates. While we remain complimentary of the bank’s strategy to harness the strengths of its commercial bank and HSA business lines, we think profitability improvements will occur at a steady pace as opposed to larger jumps. Thus, we believe the stock is fairly valued today and do not see any catalysts that would warrant above average P/E multiple expansion." (1/24/2019)
Has Webster Financial been receiving favorable news coverage?
News coverage about WBS stock has been trending somewhat positive recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Webster Financial earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Webster Financial.
Are investors shorting Webster Financial?
Webster Financial saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,390,000 shares, a drop of 9.1% from the December 15th total of 2,630,000 shares. Based on an average daily trading volume, of 544,400 shares, the short-interest ratio is currently 4.4 days. Currently, 2.6% of the company's shares are short sold. View Webster Financial's Current Options Chain.
Who are some of Webster Financial's key competitors?
Some companies that are related to Webster Financial include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), TCF Financial (TCF) and East West Bancorp (EWBC).
What other stocks do shareholders of Webster Financial own?
Who are Webster Financial's key executives?
Webster Financial's management team includes the folowing people:
- Mr. John R. Ciulla, Pres, CEO & Director (Age 53)
- Mr. Glenn I. MacInnes, Exec. VP & CFO (Age 58)
- Mr. Nitin J. Mhatre, Exec. VP & Head of Community Banking (Age 48)
- Mr. Charles L. Wilkins, Exec. VP (Age 57)
- Mr. Christopher J. Motl, Exec. VP & Head of Commercial Banking (Age 48)
Who are Webster Financial's major shareholders?
Webster Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.37%), Smith Graham & Co. Investment Advisors LP (0.18%), New York State Teachers Retirement System (0.17%), Janney Montgomery Scott LLC (0.03%), Cardinal Capital Management (0.03%) and Mitsubishi UFJ Asset Management UK Ltd. (0.03%). Company insiders that own Webster Financial stock include Charles L Wilkins, Daniel Bley, Dawn C Morris, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, Laurence C Morse and Mark Pettie. View Institutional Ownership Trends for Webster Financial.
Which major investors are selling Webster Financial stock?
WBS stock was sold by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Smith Graham & Co. Investment Advisors LP, New York State Teachers Retirement System, Pennsylvania Trust Co, State of Alaska Department of Revenue, First Midwest Bank Trust Division and Cardinal Capital Management. Company insiders that have sold Webster Financial company stock in the last year include Daniel Bley, James Copenhaver Smith, John Joseph Crawford and Mark Pettie. View Insider Buying and Selling for Webster Financial.
Which major investors are buying Webster Financial stock?
WBS stock was purchased by a variety of institutional investors in the last quarter, including Janney Montgomery Scott LLC, Mitsubishi UFJ Asset Management UK Ltd., Campbell & CO Investment Adviser LLC, Founders Capital Management LLC, First Hawaiian Bank, Cerebellum GP LLC, Ridgewood Investments LLC and Savior LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Webster Financial's stock price today?
One share of WBS stock can currently be purchased for approximately $48.90.
How big of a company is Webster Financial?
Webster Financial has a market capitalization of $4.50 billion and generates $1.34 billion in revenue each year. The financial services provider earns $360.42 million in net income (profit) each year or $3.74 on an earnings per share basis. Webster Financial employs 3,265 workers across the globe.View Additional Information About Webster Financial.
What is Webster Financial's official website?
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.
