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 Performance

WBS traded down $0.14 on Monday, hitting $49.64. 437,306 shares of the company's stock were exchanged, compared to its average volume of 1,350,939. The firm has a market cap of $8.73 billion, a PE ratio of 16.11 and a beta of 1.30. Webster Financial has a twelve month low of $40.72 and a twelve month high of $65.00. The stock has a fifty day moving average of $45.07 and a two-hundred day moving average of $50.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.47.

Webster Financial (NYSE:WBS - Get Rating) last posted its earnings results on Thursday, July 21st. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. Webster Financial had a net margin of 20.70% and a return on equity of 11.53%. The firm had revenue of $607.60 million during the quarter, compared to analysts' expectations of $602.36 million. During the same quarter in the prior year, the firm earned $1.21 EPS. Webster Financial's quarterly revenue was up 106.9% on a year-over-year basis. On average, research analysts anticipate that Webster Financial will post 5.45 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Tuesday, August 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Monday, August 1st. Webster Financial's dividend payout ratio (DPR) is 51.78%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WBS. TheStreet lowered shares of Webster Financial from a "b" rating to a "c+" rating in a research note on Thursday, April 28th. Compass Point cut their target price on shares of Webster Financial to $77.00 in a research note on Friday, July 22nd. Raymond James cut their target price on shares of Webster Financial from $73.00 to $57.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 7th. Wedbush lowered shares of Webster Financial from an "outperform" rating to a "neutral" rating and set a $50.00 target price on the stock. in a research note on Thursday, June 30th. Finally, StockNews.com lowered shares of Webster Financial from a "hold" rating to a "sell" rating in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.25.

Insiders Place Their Bets

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