Webster Financial Corp. (WBS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Webster Financial Corp. (NYSE:WBS) posted its quarterly earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.01, AnalystRatingsNetwork reports.
Webster Financial Corp. (NYSE:WBS) opened at 30.74 on Thursday. Webster Financial Corp. has a 1-year low of $24.53 and a 1-year high of $32.67. The stock has a 50-day moving average of $31.03 and a 200-day moving average of $30.6. The company has a market cap of $2.776 billion and a price-to-earnings ratio of 15.94.
On a related note, analysts at JPMorgan Chase & Co. set a $35.00 price target on shares of Webster Financial Corp. in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Webster Financial Corp. presently has an average rating of “Buy” and a consensus target price of $32.19.
Webster Financial Corporation (NYSE:WBS) is a bank holding company and financial holding company.
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