Webster Financial Stock Forecast, Price & News

Webster Financial's stock was trading at $30.71 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WBS shares have increased by 1.0% and is now trading at $31.02.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Webster Financial.

Webster Financial is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Webster Financial.

Webster Financial Co. (NYSE:WBS) released its quarterly earnings data on Thursday, October, 22nd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. The financial services provider earned $294.32 million during the quarter, compared to the consensus estimate of $296.02 million. Webster Financial had a return on equity of 9.30% and a net margin of 20.01%. The firm's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS.
View Webster Financial's earnings history.

Webster Financial declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.40 per share on Wednesday, August 19th. This represents a $1.60 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Tuesday, August 4th.
View Webster Financial's dividend history.

9 brokers have issued 12-month price objectives for Webster Financial's stock. Their forecasts range from $23.50 to $53.00. On average, they anticipate Webster Financial's share price to reach $35.11 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
View analysts' price targets for Webster Financial.

Webster Financial saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,040,000 shares, a decline of 10.1% from the August 31st total of 2,270,000 shares. Based on an average trading volume of 610,900 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.3% of the shares of the stock are sold short.
View Webster Financial's Short Interest.

Some companies that are related to Webster Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Citizens BancShares (FCNCA) and First Financial Bankshares (FFIN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Webster Financial investors own include AT&T (T), Verizon Communications (VZ), BP (BP), Altria Group (MO), Realty Income (O), Pfizer (PFE), Wells Fargo & Company (WFC), Exxon Mobil (XOM), Brookfield Infrastructure Partners (BIP) and Enterprise Products Partners (EPD).

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

Webster Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.26%), Smith Graham & Co. Investment Advisors LP (0.19%), Hennessy Advisors Inc. (0.09%), Hartford Financial Management Inc. (0.05%), Ziegler Capital Management LLC (0.05%) and Cardinal Capital Management (0.04%). Company insiders that own Webster Financial stock include Daniel Bley, Elizabeth E Flynn, Glenn I Macinnes, James Copenhaver Smith, John Joseph Crawford, John R Ciulla, Mark Pettie and William L Atwell.
View institutional ownership trends for Webster Financial.

WBS stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., New Mexico Educational Retirement Board, Smith Graham & Co. Investment Advisors LP, Hennessy Advisors Inc., Ridgewood Investments LLC, and State of Alaska Department of Revenue. Company insiders that have sold Webster Financial company stock in the last year include John Joseph Crawford, and Mark Pettie.
View insider buying and selling activity for Webster Financial.

WBS stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Pacer Advisors Inc., Bradley Foster & Sargent Inc. CT, Nisa Investment Advisors LLC, Patriot Financial Group Insurance Agency LLC, First Hawaiian Bank, Sky Investment Group LLC, and Cardinal Capital Management. Company insiders that have bought Webster Financial stock in the last two years include Elizabeth E Flynn, Glenn I Macinnes, John R Ciulla, and William L Atwell.
View insider buying and selling activity for 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.

One share of WBS stock can currently be purchased for approximately $31.02.

Webster Financial has a market capitalization of $2.80 billion and generates $1.44 billion in revenue each year. The financial services provider earns $382.72 million in net income (profit) each year or $4.07 on an earnings per share basis. Webster Financial employs 3,298 workers across the globe.

The official website for Webster Financial is public.websteronline.com.

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]