Webster Financial Corp. Reaches New 12-Month High at $32.22 (WBS)
Webster Financial Corp. (NYSE:WBS) set a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $32.22 and last traded at $32.21, with a volume of 470,444 shares. The stock had previously closed at $30.62.
A number of research firms have recently commented on WBS. Analysts at Boenning Scattergood raised their price target on shares of Webster Financial Corp. from $28.50 to $35.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Webster Financial Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Finally, analysts at Deutsche Bank raised their price target on shares of Webster Financial Corp. from $31.00 to $34.00 in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.86.
Webster Financial Corp. has a 52-week low of $21.82 and a 52-week high of $31.32. The stock’s 50-day moving average is $30.00 and its 200-day moving average is $27.76. The company has a market cap of $2.867 billion and a P/E ratio of 15.86.
Webster Financial Corp. (NYSE:WBS) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $205.40 million for the quarter, compared to the consensus estimate of $153.13 million. During the same quarter last year, the company posted $0.52 earnings per share. Analysts expect that Webster Financial Corp. will post $1.92 EPS for the current fiscal year.
Webster Financial Corporation (NYSE:WBS) is a bank holding company and financial holding company.
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