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 Date10/17/2019 (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 declared a quarterly dividend on Monday, July 22nd. Investors of record on Monday, August 5th will be paid a dividend of $0.40 per share on Monday, August 19th. This represents a $1.60 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, August 2nd. View Webster Financial's Dividend History.
How were Webster Financial's earnings last quarter?
Webster Financial Co. (NYSE:WBS) issued its earnings results on Thursday, July, 18th. The financial services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.03 by $0.02. The financial services provider earned $317.60 million during the quarter, compared to the consensus estimate of $312.36 million. Webster Financial had a net margin of 27.99% and a return on equity of 13.80%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. View Webster Financial's Earnings History.
When is Webster Financial's next earnings date?
What price target have analysts set for WBS?
5 equities research analysts have issued 12 month target prices for Webster Financial's shares. Their forecasts range from $51.00 to $63.00. On average, they anticipate Webster Financial's share price to reach $58.6667 in the next year. This suggests a possible upside of 34.5% from the stock's current price. View Analyst Price Targets for Webster Financial.
What is the consensus analysts' recommendation for Webster Financial?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Webster Financial in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 underperformed the industry in the last six months. Yet, the company possesses an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the trailing four quarters. Webster Financial’s continued growth in loans and deposits will aid profitability. Furthermore, top-line strength and ample liquidity keep the optimism alive. Also, the rising interest-rate environment and lower tax rates will aid bottom-line growth. However, persistently rising cost base is a major concern, which might be further elevated by the company's efforts to strengthen the HSA Bank segment. Further, high exposure in commercial and commercial real estate loans can be risky for the company if the housing sector weakens. Unsustainable capital deployment activities might remain a headwind." (7/5/2019)
- 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 headlines about WBS stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Webster Financial earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for Webster Financial.
Are investors shorting Webster Financial?
Webster Financial saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,356,600 shares, an increase of 20.3% from the June 30th total of 2,789,300 shares. Based on an average trading volume of 654,300 shares, the short-interest ratio is presently 5.1 days. Currently, 3.7% of the company's stock 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 KeyCorp (KEY), Shinhan Financial Group (SHG), Regions Financial (RF), Huntington Bancshares (HBAN), DANSKE BK A/S/S (DNKEY), Comerica (CMA), Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), BOK Financial (BOKF), Synovus Financial (SNV), Cullen/Frost Bankers (CFR), First Horizon National (FHN), Pinnacle Financial Partners (PNFP), PacWest Bancorp (PACW) and CIT Group (CIT).
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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.96%), BlackRock Inc. (9.35%), BlackRock Inc. (9.35%), Price T Rowe Associates Inc. MD (7.15%), Bank of New York Mellon Corp (2.71%) and Wasatch Advisors Inc. (2.17%). 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, Karen R Osar, 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 Price T Rowe Associates Inc. MD, Janus Henderson Group PLC, Janus Henderson Group PLC, Invesco Ltd., BlackRock Inc., BlackRock Inc., M.D. Sass Investors Services Inc. and Penn Capital Management Co. Inc.. Company insiders that have sold Webster Financial company stock in the last year include Daniel Bley, James Copenhaver Smith and John Joseph Crawford. View Insider Buying and Selling for Webster Financial.
Which major investors are buying Webster Financial stock?
WBS stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Nuveen Asset Management LLC, Bayview Asset Management LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, Marshall Wace North America L.P., Marshall Wace LLP and Waddell & Reed Financial Inc.. 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, Scottrade, Fidelity and Charles Schwab.
What is Webster Financial's stock price today?
One share of WBS stock can currently be purchased for approximately $43.63.
How big of a company is Webster Financial?
Webster Financial has a market capitalization of $4.02 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.
