About Webster Financial Corporation (NYSE:WBS)
Webster Financial Corporation is a bank and financial holding company. The Company's segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking. The Community Banking segment consists of its Personal Banking and Business Banking segments. HSA Bank, a division of its subsidiary, Webster Bank, National Association, offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions. Private Banking serves high-net-worth clients, not-for-profit organizations, and business clients with asset management, trust, loan and deposit products, and financial planning services. Its treasury unit and consumer-liquidating portfolio are included in the Corporate and Reconciling segment.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NYSE:WBS
- CUSIP: 94789010
- Web: www.websterbank.com
- Market Cap: $5.01 billion
- Outstanding Shares: 92,075,000
- 50 Day Moving Avg: $50.60
- 200 Day Moving Avg: $50.55
- 52 Week Range: $37.82 - $57.50
Sales & Book Value:
- Trailing P/E Ratio: 23.03
- Foreward P/E Ratio: 19.03
- P/E Growth: 1.99
- Annual Revenue: $976.03 million
- Price / Sales: 5.14
- Book Value: $26.97 per share
- Price / Book: 2.02
- Annual Dividend: $1.04
- Dividend Yield: 1.9%
- Net Margins: 21.09%
- Return on Equity: 9.89%
- Return on Assets: 0.93%
- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 0.81%
- Quick Ratio: 0.82%
- Average Volume: 582,129 shs.
- Beta: 1.26
- Short Ratio: 4.67
Frequently Asked Questions for Webster Financial Corporation (NYSE:WBS)
What is Webster Financial Corporation's stock symbol?
Webster Financial Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBS."
How often does Webster Financial Corporation pay dividends? What is the dividend yield for Webster Financial Corporation?
Webster Financial Corporation declared a quarterly dividend on Monday, July 24th. Shareholders of record on Monday, August 7th will be given a dividend of $0.26 per share on Monday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, August 3rd. View Webster Financial Corporation's Dividend History.
How were Webster Financial Corporation's earnings last quarter?
Webster Financial Corporation (NYSE:WBS) posted its quarterly earnings results on Thursday, October, 19th. The company reported $0.67 EPS for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.03. The company earned $266.75 million during the quarter, compared to analyst estimates of $269.03 million. Webster Financial Corporation had a net margin of 21.09% and a return on equity of 9.89%. During the same period in the previous year, the company posted $0.54 earnings per share. View Webster Financial Corporation's Earnings History.
When will Webster Financial Corporation make its next earnings announcement?
Where is Webster Financial Corporation's stock going? Where will Webster Financial Corporation's stock price be in 2017?
9 equities research analysts have issued 12-month price objectives for Webster Financial Corporation's stock. Their forecasts range from $43.00 to $63.00. On average, they anticipate Webster Financial Corporation's stock price to reach $53.63 in the next year. View Analyst Ratings for Webster Financial Corporation.
What are analysts saying about Webster Financial Corporation stock?
Here are some recent quotes from research analysts about Webster Financial Corporation stock:
- 1. Boenning Scattergood analysts commented, "Webster reported 3Q17 operating EPS of $0.67 versus $0.55 in the year- prior quarter. Our estimate was $0.62, and the consensus was $0.65. GAAP EPS matched operating results. Relative to our estimate, lower-than-expected expenses and provision drove better-than-expected EPS. On a sequential-quarter basis, NIM expanded 3 bps to 3.30% while Webster’s loan-to-deposit spread increased 7 bps. Declining securities yields and higher borrowing costs dragged on NIM. On a linked-quarter basis, period-end loans and deposits grew 3.8% and 7.8%, annualized, respectively. Loan growth in C&I and residential real estate overcame a decline in CRE. Management suggested CRE balances contracted due to paydowns and the bank becoming more selective as terms and rates offered by some lenders did not match Webster’s. Savings and NOW declined; all other deposit categories grew." (10/20/2017)
- 2. According to Zacks Investment Research, "Shares of Webster Financial have outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. Webster Financial’s consistent growth in loans and deposits and easing margin pressure will aid profitability. Also, top-line strength and ample liquidity keep us encouraged. Further, its efforts to strengthen HSA Bank segment bode well for the long term. However, consistently rising cost base remains a major concern and significant exposure to commercial loans could pose a threat to its financials. Further, a stretched valuation indicates limited upside potential for the stock." (10/9/2017)
- 3. FBR & Co analysts commented, "We reiterate our Market Perform rating and $54 price target, equal to 20.4x our 2018 EPS estimate, on Webster Financial following 4Q16 results. Revenues looked okay this quarter, but expenses from continued Boston expansion efforts, the HSA business, and share-based compensation costs led to a slight miss. We continue to view Webster as a solid bank and acknowledge potential HSA tailwinds from healthcare policy reform; however, we remain on the sidelines given relative valuation and weaker near-term profitability given continued investment." (1/20/2017)
Who are some of Webster Financial Corporation's key competitors?
Some companies that are related to Webster Financial Corporation include SVB Financial Group (SIVB), East West Bancorp (EWBC), Macro Bank (BMA), Signature Bank (SBNY), Grupo Financiero Galicia S.A. (GGAL), CIT Group Inc (DEL) (CIT), Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), Bank of the Ozarks (OZRK), Commerce Bancshares (CBSH), PacWest Bancorp (PACW), Synovus Financial Corp. (SNV), City National Corp (CYN), First Citizens BancShares (FCNCA), Umpqua Holdings Corporation (UMPQ), First Horizon National Corporation (FHN), TFS Financial Corporation (TFSL) and Wintrust Financial Corporation (WTFC).
Who are Webster Financial Corporation's key executives?
Webster Financial Corporation's management team includes the folowing people:
- James C. Smith, Non-Executive Chairman of the Board
- John R. Ciulla, President, Chief Executive Officer
- Glenn I. MacInnes, Chief Financial Officer, Executive Vice President
- Bernard M. Garrigues, Chief Human Resource Officer, Executive Vice President
- Colin D. Eccles, Executive Vice President, Chief Information Officer of the company and Webster Bank
- Dawn C. Morris, Executive Vice President, Chief Marketing Officer
- Daniel H. Bley, Executive Vice President, Chief Risk Officer of the Company and Webster Bank
- Harriet Munrett Wolfe, Executive Vice President, General Counsel, Secretary of the Company and Webster Bank
- Nitin J. Mhatre, Executive Vice President - Community Banking of the Company and Webster Bank
- Christopher J. Motl, Executive Vice President - Commercial Banking of company and Webster Bank
Who owns Webster Financial Corporation stock?
Webster Financial Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.96%), Smith Graham & Co. Investment Advisors LP (0.20%), Nationwide Fund Advisors (0.18%), Mutual of America Capital Management LLC (0.16%) and State Treasurer State of Michigan (0.04%). Company insiders that own Webster Financial Corporation stock include C Michael Jacobi, Daniel Bley, Daniel Manning Fitzpatrick, Dawn C Morris, Elizabeth E Flynn, Gregory Madar, Harriet Munrett Wolfe, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, John R Ciulla, Joseph J Savage, Karen R Osar, Laurence C Morse, Mark Pettie, Nitin J Mhatre and William L Atwell. View Institutional Ownership Trends for Webster Financial Corporation.
Who sold Webster Financial Corporation stock? Who is selling Webster Financial Corporation stock?
Webster Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Nationwide Fund Advisors, State Treasurer State of Michigan and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold Webster Financial Corporation stock in the last year include C Michael Jacobi, Daniel Bley, Dawn C Morris, Gregory Madar, Harriet Munrett Wolfe, James Copenhaver Smith, Joel S Becker, John Joseph Crawford, John R Ciulla, Joseph J Savage, Karen R Osar, Laurence C Morse, Mark Pettie and Nitin J Mhatre. View Insider Buying and Selling for Webster Financial Corporation.
Who bought Webster Financial Corporation stock? Who is buying Webster Financial Corporation stock?
Webster Financial Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have bought Webster Financial Corporation stock in the last two years include Elizabeth E Flynn and William L Atwell. View Insider Buying and Selling for Webster Financial Corporation.
How do I buy Webster Financial Corporation stock?
Shares of Webster Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Webster Financial Corporation's stock price today?
MarketBeat Community Rating for Webster Financial Corporation (NYSE WBS)MarketBeat's community ratings are surveys of what our community members think about Webster Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Webster Financial Corporation stock can currently be purchased for approximately $54.44.
Consensus Ratings for Webster Financial Corporation (NYSE:WBS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 6 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.11)|
|Consensus Price Target: ||$53.63 (1.50% downside)|Consensus Price Target History for Webster Financial Corporation (NYSE:WBS)
Analysts' Ratings History for Webster Financial Corporation (NYSE:WBS)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$63.00||N/A|
|10/20/2017||Barclays PLC||Set Price Target||Hold||$52.00 -> $55.00||N/A|
|10/20/2017||Wells Fargo & Company||Boost Price Target||Market Perform||$50.00 -> $55.00||N/A|
|10/20/2017||Boenning Scattergood||Reiterated Rating||Hold||N/A|
|7/14/2017||Piper Jaffray Companies||Reiterated Rating||Sell||$46.00||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$53.00||Low|
|1/20/2017||FBR & Co||Reiterated Rating||Hold||$54.00||N/A|
|11/8/2016||Deutsche Bank AG||Downgrade||Buy -> Hold||$43.00||N/A|
|7/7/2016||J P Morgan Chase & Co||Lower Price Target||Overweight||$39.00 -> $38.00||N/A|
|4/20/2016||Royal Bank Of Canada||Boost Price Target||Sector Perform||$35.00 -> $36.00||N/A|
|1/15/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||N/A|
|1/15/2016||Guggenheim||Upgrade||Neutral -> Buy||N/A|
|11/20/2015||Sandler O'Neill||Boost Price Target||Hold||$38.00 -> $40.00||N/A|
Earnings History for Webster Financial Corporation (NYSE:WBS)Earnings History by Quarter for Webster Financial Corporation (NYSE WBS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/19/2017||Q3 2017||$0.64||$0.67||$269.03 million||$266.75 million||View||N/A|
|7/21/2017||Q2 2017||$0.60||$0.64||$260.91 million||$262.50 million||View||N/A|
|4/21/2017||Q1 2017||$0.57||$0.62||$254.48 million||$255.70 million||View||N/A|
|1/19/2017||Q416||$0.55||$0.60||$183.81 million||$255.90 million||View||Listen|
|10/21/2016||Q316||$0.53||$0.54||$178.53 million||$246.60 million||View||Listen|
|7/20/2016||Q216||$0.52||$0.53||$177.92 million||$242.00 million||View||Listen|
|4/19/2016||Q116||$0.53||$0.51||$179.49 million||$240.10 million||View||Listen|
|1/21/2016||Q415||$0.55||$0.55||$170.98 million||$233.69 million||View||Listen|
|10/15/2015||Q315||$0.55||$0.54||$167.28 million||$229.50 million||View||Listen|
|7/16/2015||Q215||$0.55||$0.55||$224.33 million||$223.36 million||View||Listen|
|4/16/2015||Q115||$0.54||$0.52||$220.66 million||$217.65 million||View||Listen|
|1/22/2015||Q414||$0.53||$0.53||$158.24 million||$215.20 million||View||Listen|
|10/16/2014||Q314||$0.52||$0.53||$207.80 million||$208.28 million||View||Listen|
|7/17/2014||Q214||$0.51||$0.50||$208.18 million||$202.72 million||View||Listen|
|4/17/2014||Q114||$0.49||$0.50||$206.10 million||$205.13 million||View||Listen|
|1/17/2014||Q413||$0.50||$0.52||$153.13 million||$205.40 million||View||Listen|
|7/12/2013||Q2 2013||$0.48||$0.48||$147.84 million||View||Listen|
|4/15/2013||Q1 2013||$0.46||$0.44||$152.25 million||View||Listen|
|1/18/2013||Q4 2012||$0.49||$0.52||$144.56 million||View||Listen|
Earnings Estimates for Webster Financial Corporation (NYSE:WBS)
2017 EPS Consensus Estimate: $2.45
2018 EPS Consensus Estimate: $2.78
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Webster Financial Corporation (NYSE:WBS)
|Most Recent Dividend:||8/21/2017|
|Dividend Growth:||21.20% (3 Year Average)|
|Payout Ratio:||41.11% (Trailing 12 Months of Earnings) |
40.15% (Based on This Year's Estimates)
36.36% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Webster Financial Corporation (NYSE WBS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Webster Financial Corporation (NYSE:WBS)
Insider Ownership Percentage: 2.20%Insider Trades by Quarter for Webster Financial Corporation (NYSE:WBS)
Institutional Ownership Percentage: 93.67%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/2/2017||Nitin J Mhatre||EVP||Sell||31,940||$51.34||$1,639,799.60|| |
|7/27/2017||Daniel Bley||EVP||Sell||8,000||$51.20||$409,600.00|| |
|5/8/2017||Dawn C Morris||EVP||Sell||900||$52.02||$46,818.00|| |
|5/4/2017||Harriet Munrett Wolfe||EVP||Sell||3,540||$52.36||$185,354.40|| |
|5/3/2017||John Joseph Crawford||Director||Sell||5,063||$51.30||$259,731.90|| |
|5/2/2017||Mark Pettie||Director||Sell||3,987||$50.53||$201,463.11|| |
|4/26/2017||Daniel Bley||EVP||Sell||5,000||$53.31||$266,550.00|| |
|4/26/2017||John Joseph Crawford||Director||Sell||2,753||$53.30||$146,734.90|| |
|4/25/2017||Laurence C Morse||Director||Sell||4,971||$51.88||$257,895.48|| |
|2/3/2017||Joel S Becker||Director||Sell||4,231||$52.97||$224,116.07|| |
|2/2/2017||John Joseph Crawford||Director||Sell||5,000||$51.47||$257,350.00|| |
|1/31/2017||Gregory Madar||Insider||Sell||640||$52.56||$33,638.40|| |
|1/30/2017||Karen R Osar||Director||Sell||16,487||$52.58||$866,886.46|| |
|1/26/2017||C Michael Jacobi||Director||Sell||41,910||$54.55||$2,286,190.50|| |
|1/26/2017||Joseph J Savage||Insider||Sell||8,000||$54.46||$435,680.00|| |
|1/25/2017||James Copenhaver Smith||Chairman||Sell||100,284||$54.42||$5,457,455.28|| |
|1/25/2017||John Joseph Crawford||Director||Sell||9,971||$53.79||$536,340.09|| |
|1/25/2017||John R Ciulla||President||Sell||15,129||$53.89||$815,301.81|| |
|1/23/2017||Daniel Bley||EVP||Sell||13,671||$51.74||$707,337.54|| |
|1/23/2017||Gregory Madar||Insider||Sell||2,500||$51.89||$129,725.00|| |
|11/4/2016||Joseph J Savage||Insider||Sell||2,500||$40.13||$100,325.00|| |
|11/1/2016||Karen R Osar||Director||Sell||12,500||$40.26||$503,250.00|| |
|10/31/2016||William L Atwell||Director||Buy||4,000||$40.11||$160,440.00|| |
|10/28/2016||C Michael Jacobi||Director||Sell||4,552||$40.19||$182,944.88|| |
|10/27/2016||John Joseph Crawford||Director||Sell||800||$40.42||$32,336.00|| |
|10/27/2016||John R Ciulla||President||Sell||8,496||$40.58||$344,767.68|| |
|10/25/2016||Daniel Bley||EVP||Sell||4,468||$39.74||$177,558.32|| |
|10/25/2016||Gregory Madar||Insider||Sell||500||$37.61||$18,805.00|| |
|10/25/2016||John Joseph Crawford||Director||Sell||3,000||$39.82||$119,460.00|| |
|8/3/2016||Elizabeth E Flynn||Director||Buy||2,900||$35.97||$104,313.00|| |
|8/1/2016||Daniel Bley||EVP||Sell||5,153||$36.03||$185,662.59|| |
|7/28/2016||Gregory Madar||Insider||Sell||500||$36.12||$18,060.00|| |
|7/28/2016||John Joseph Crawford||Director||Sell||3,000||$36.15||$108,450.00|| |
|5/4/2016||Daniel Manning Fitzpatrick||EVP||Sell||6,001||$35.31||$211,895.31|| |
|5/2/2016||Joseph J Savage||Vice Chairman||Sell||2,000||$36.83||$73,660.00|| |
|4/29/2016||John R Ciulla||President||Sell||12,231||$36.51||$446,553.81|| |
|4/27/2016||Gregory Madar||CAO||Sell||2,115||$37.42||$79,143.30|| |
|4/22/2016||Daniel Bley||EVP||Sell||2,500||$36.95||$92,375.00|| |
|4/21/2016||Dawn C Morris||CMO||Sell||762||$36.79||$28,033.98|| |
|2/4/2016||Gregory Madar||CAO||Sell||825||$33.68||$27,786.00|| |
|1/27/2016||Gregory Madar||CAO||Sell||3,360||$32.58||$109,468.80|| |
|1/26/2016||Elizabeth E Flynn||Director||Buy||6,500||$32.26||$209,690.00|| |
|1/25/2016||Daniel Manning Fitzpatrick||EVP||Sell||6,126||$31.00||$189,906.00|| |
|10/30/2015||Joseph J Savage||Vice Chairman||Sell||15,000||$37.71||$565,650.00|| |
|10/26/2015||C Michael Jacobi||Director||Sell||5,419||$37.06||$200,828.14|| |
|7/23/2015||Joseph J Savage||President||Sell||15,000||$39.54||$593,100.00|| |
|5/20/2015||James Copenhaver Smith||Chairman||Sell||7,500||$38.19||$286,425.00|| |
|4/28/2015||Gregory Madar||CAO||Sell||750||$36.40||$27,300.00|| |
|4/28/2015||John Joseph Crawford||Director||Sell||3,386||$36.15||$122,403.90|| |
|4/28/2015||John R Ciulla||EVP||Sell||6,500||$36.24||$235,560.00|| |
|4/27/2015||John Joseph Crawford||Director||Sell||1,580||$36.25||$57,275.00|| |
|4/23/2015||Robert A Finkenzeller||Director||Sell||2,000||$36.14||$72,280.00|| |
|4/21/2015||John Joseph Crawford||Director||Sell||877||$36.00||$31,572.00|| |
|2/18/2015||James Copenhaver Smith||Chairman||Sell||7,500||$34.11||$255,825.00|| |
|11/19/2014||James Copenhaver Smith||Chairman||Sell||7,500||$31.91||$239,325.00|| |
|11/17/2014||Glenn I Macinnes||CFO||Buy||1,500||$31.76||$47,640.00|| |
|11/12/2014||Robert A Finkenzeller||Director||Sell||2,000||$32.03||$64,060.00|| |
|11/5/2014||John Joseph Crawford||Director||Sell||3,000||$31.69||$95,070.00|| |
|8/20/2014||James Copenhaver Smith||Chairman||Sell||7,500||$29.13||$218,475.00|| |
|5/14/2014||James Copenhaver Smith||Chairman||Sell||7,500||$29.82||$223,650.00|| |
|2/5/2014||John Joseph Crawford||Director||Sell||4,000||$28.97||$115,880.00|| |
|1/31/2014||Robert Finkenzeller||Director||Sell||2,000||$30.52||$61,040.00|| |
|11/20/2013||James Copenhaver Smith||Chairman||Sell||7,500||$28.71||$215,325.00|| |
|10/28/2013||Robert A Finkenzeller||Director||Sell||2,000||$28.65||$57,300.00|| |
|8/14/2013||James Copenhaver Smith||Chairman||Sell||7,500||$26.92||$201,900.00|| |
|7/24/2013||C Michael Jacobi||Director||Sell||15,009||$27.84||$417,850.56|| |
|7/24/2013||Joseph J Savage||EVP||Sell||2,000||$28.08||$56,160.00|| |
|7/18/2013||John Joseph Crawford||Director||Sell||2,000||$27.27||$54,540.00|| |
|5/15/2013||James Copenhaver Smith||Chairman||Sell||7,500||$23.25||$174,375.00|| |
|5/13/2013||David A Coulter||Director||Sell||8,744,850||$22.50||$196,759,125.00|| |
|10/19/2012||Glenn I Macinnes||CFO||Buy||5,000||$21.83||$109,150.00|| |
Headline Trends for Webster Financial Corporation (NYSE:WBS)
Latest Headlines for Webster Financial Corporation (NYSE:WBS)
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Webster Financial Corporation (WBS) Chart for Tuesday, October, 24, 2017