Webster Financial Corporation (NYSE:WBS) has earned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $52.29.

WBS has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Webster Financial Corporation in a research report on Tuesday, June 27th. BidaskClub cut Webster Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Saturday, July 8th. Piper Jaffray Companies reissued a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a research report on Friday, July 14th. Finally, ValuEngine raised Webster Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of Webster Financial Corporation (NYSE:WBS) traded down 0.30% during midday trading on Thursday, reaching $53.04. The company’s stock had a trading volume of 304,032 shares. Webster Financial Corporation has a 12-month low of $36.96 and a 12-month high of $57.50. The stock’s 50-day moving average price is $49.30 and its 200-day moving average price is $50.36. The company has a market cap of $4.88 billion, a P/E ratio of 22.10 and a beta of 1.26.

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

In other Webster Financial Corporation news, EVP Nitin J. Mhatre sold 31,940 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel Bley sold 8,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the sale, the executive vice president now directly owns 25,657 shares of the company’s stock, valued at $1,313,638.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of WBS. US Bancorp DE lifted its position in Webster Financial Corporation by 8.0% during the 1st quarter. US Bancorp DE now owns 4,551 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 339 shares during the period. Parametric Portfolio Associates LLC lifted its position in Webster Financial Corporation by 11.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 92,120 shares of the financial services provider’s stock worth $4,610,000 after acquiring an additional 9,138 shares during the period. Prudential Financial Inc. lifted its position in Webster Financial Corporation by 6.5% during the 1st quarter. Prudential Financial Inc. now owns 61,784 shares of the financial services provider’s stock worth $3,092,000 after acquiring an additional 3,798 shares during the period. Victory Capital Management Inc. acquired a new stake in Webster Financial Corporation during the 1st quarter worth approximately $1,027,000. Finally, Principal Financial Group Inc. lifted its position in Webster Financial Corporation by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 371,682 shares of the financial services provider’s stock worth $18,599,000 after acquiring an additional 9,145 shares during the period. 93.67% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

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