Equities research analysts forecast that Webster Financial Corporation (NYSE:WBS) will post sales of $267.63 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Webster Financial Corporation’s earnings. The highest sales estimate is $270.50 million and the lowest is $265.13 million. Webster Financial Corporation posted sales of $246.61 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The business is expected to announce its next quarterly earnings report on Friday, October 20th.

According to Zacks, analysts expect that Webster Financial Corporation will report full-year sales of $267.63 million for the current financial year, with estimates ranging from $1.05 billion to $1.08 billion. For the next year, analysts forecast that the company will post sales of $1.14 billion per share, with estimates ranging from $1.11 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Webster Financial Corporation.

Webster Financial Corporation (NYSE:WBS) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. The company had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. During the same period in the prior year, the business earned $0.53 earnings per share.

Several brokerages have recently commented on WBS. Jefferies Group LLC set a $53.00 target price on Webster Financial Corporation and gave the stock a “hold” rating in a research note on Saturday, May 6th. BidaskClub downgraded Webster Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday. Piper Jaffray Companies reiterated a “sell” rating and set a $46.00 target price on shares of Webster Financial Corporation in a research note on Friday, July 14th. Barclays PLC lifted their target price on Webster Financial Corporation from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research downgraded Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.00.

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Shares of Webster Financial Corporation (NYSE WBS) opened at 48.98 on Tuesday. The company has a market capitalization of $4.51 billion, a PE ratio of 20.41 and a beta of 1.25. The stock has a 50 day moving average price of $51.99 and a 200 day moving average price of $51.79. Webster Financial Corporation has a 52-week low of $36.21 and a 52-week high of $57.50.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.04 annualized dividend and a yield of 2.12%. Webster Financial Corporation’s dividend payout ratio (DPR) is presently 43.33%.

In related news, EVP Nitin J. Mhatre sold 31,940 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total value of $1,639,799.60. Following the completion of the sale, the executive vice president now directly owns 23,120 shares in the company, valued at approximately $1,186,980.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Bley sold 8,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,313,638.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in WBS. TD Asset Management Inc. increased its stake in Webster Financial Corporation by 177.3% in the first quarter. TD Asset Management Inc. now owns 60,371 shares of the financial services provider’s stock valued at $3,021,000 after buying an additional 38,600 shares during the period. Retirement Systems of Alabama increased its stake in Webster Financial Corporation by 0.3% in the first quarter. Retirement Systems of Alabama now owns 118,793 shares of the financial services provider’s stock valued at $5,944,000 after buying an additional 342 shares during the period. FMR LLC increased its stake in Webster Financial Corporation by 0.6% in the fourth quarter. FMR LLC now owns 10,289 shares of the financial services provider’s stock valued at $558,000 after buying an additional 65 shares during the period. Stifel Financial Corp increased its stake in Webster Financial Corporation by 14.9% in the first quarter. Stifel Financial Corp now owns 82,507 shares of the financial services provider’s stock valued at $4,128,000 after buying an additional 10,673 shares during the period. Finally, First Midwest Bank Trust Division increased its stake in Webster Financial Corporation by 2.8% in the second quarter. First Midwest Bank Trust Division now owns 9,108 shares of the financial services provider’s stock valued at $476,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.

About Webster Financial Corporation

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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Earnings History and Estimates for Webster Financial Corporation (NYSE:WBS)

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