Several brokerages have updated their recommendations and price targets on shares of Webster Financial Corporation (NYSE: WBS) in the last few weeks:

  • 8/4/2017 – Webster Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “WEBSTER FINANCIAL CORP. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. “
  • 8/3/2017 – Webster Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “WEBSTER FINANCIAL CORP. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. “
  • 7/27/2017 – Webster Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “WEBSTER FINANCIAL CORP. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. “
  • 7/25/2017 – Webster Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/14/2017 – Webster Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $53.00 price target on the stock.
  • 7/14/2017 – Webster Financial Corporation had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $46.00 price target on the stock.
  • 7/8/2017 – Webster Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “WEBSTER FINANCIAL CORP. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. “
  • 7/5/2017 – Webster Financial Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/1/2017 – Webster Financial Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “WEBSTER FINANCIAL CORP. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. “
  • 6/27/2017 – Webster Financial Corporation had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $60.00 price target on the stock.
  • 6/24/2017 – Webster Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/10/2017 – Webster Financial Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Webster Financial Corporation (NYSE:WBS) opened at 50.65 on Tuesday. The firm has a market cap of $4.67 billion, a PE ratio of 21.10 and a beta of 1.25. Webster Financial Corporation has a 12-month low of $36.13 and a 12-month high of $57.50. The company has a 50-day moving average price of $52.56 and a 200-day moving average price of $51.97.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $262.50 million during the quarter, compared to the consensus estimate of $260.91 million. Webster Financial Corporation had a net margin of 20.43% and a return on equity of 9.49%. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts predict that Webster Financial Corporation will post $2.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a $0.26 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.05%. Webster Financial Corporation’s payout ratio is currently 43.33%.

In related news, EVP Daniel Bley sold 8,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the sale, the executive vice president now owns 25,657 shares in the company, valued at $1,313,638.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Nitin J. Mhatre sold 31,940 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the completion of the sale, the executive vice president now owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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.

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