Webster Financial Corporation (NYSE:WBS) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Webster Financial Corporation in a research note issued on Tuesday. Jefferies Group analyst C. Haire anticipates that the financial services provider will post earnings of $0.64 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $53.00 target price on the stock. Jefferies Group also issued estimates for Webster Financial Corporation’s Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.71 EPS and Q4 2018 earnings at $0.73 EPS.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $262.50 million for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.53 earnings per share.

TRADEMARK VIOLATION NOTICE: This story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/11/webster-financial-corporation-to-post-q1-2018-earnings-of-0-64-per-share-jefferies-group-forecasts-wbs.html.

Several other equities research analysts have also commented on the stock. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Webster Financial Corporation in a research note on Tuesday, June 27th. BidaskClub lowered shares of Webster Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Saturday, July 8th. Piper Jaffray Companies reiterated a “sell” rating and set a $46.00 price target on shares of Webster Financial Corporation in a research note on Friday, July 14th. Finally, ValuEngine upgraded shares of Webster Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $53.00.

Shares of Webster Financial Corporation (NYSE WBS) opened at 53.27 on Wednesday. The stock’s 50 day moving average is $49.12 and its 200-day moving average is $50.34. Webster Financial Corporation has a one year low of $36.96 and a one year high of $57.50. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 22.20 and a beta of 1.26.

Institutional investors have recently modified their holdings of the business. Chilton Investment Co. LLC purchased a new position in Webster Financial Corporation during the 2nd quarter worth $2,994,000. BNP Paribas Arbitrage SA grew its position in Webster Financial Corporation by 65.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,826 shares of the financial services provider’s stock worth $1,819,000 after purchasing an additional 13,781 shares during the last quarter. Victory Capital Management Inc. grew its position in Webster Financial Corporation by 3,821.0% during the 2nd quarter. Victory Capital Management Inc. now owns 804,776 shares of the financial services provider’s stock worth $42,026,000 after purchasing an additional 784,251 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Webster Financial Corporation during the 2nd quarter worth $5,515,000. Finally, Jennison Associates LLC grew its position in Webster Financial Corporation by 8.0% during the 2nd quarter. Jennison Associates LLC now owns 47,275 shares of the financial services provider’s stock worth $2,469,000 after purchasing an additional 3,504 shares during the last quarter. 93.67% of the stock is currently owned by institutional investors.

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

Webster Financial Corporation Company Profile

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.

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

Receive News & Ratings for Webster Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.