Webster Financial Corporation (NYSE:WBS) – Equities research analysts at Boenning Scattergood increased their FY2017 EPS estimates for shares of Webster Financial Corporation in a research report issued to clients and investors on Friday. Boenning Scattergood analyst M. Schultheis now expects that the financial services provider will post earnings of $2.60 per share for the year, up from their previous estimate of $2.57. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Webster Financial Corporation’s Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.85 EPS and FY2019 earnings at $3.15 EPS.

Webster Financial Corporation (NYSE:WBS) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. The business had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. During the same quarter in the prior year, the company posted $0.54 earnings per share.

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WBS has been the topic of several other research reports. Barclays PLC set a $55.00 price target on shares of Webster Financial Corporation and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research raised 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 report on Saturday, July 8th. ValuEngine raised shares of Webster Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $63.00 price target on shares of Webster Financial Corporation in a research report on Friday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 price target on shares of Webster Financial Corporation in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.11.

Shares of Webster Financial Corporation (NYSE:WBS) opened at 55.27 on Monday. Webster Financial Corporation has a 12-month low of $37.82 and a 12-month high of $57.50. The company’s 50-day moving average price is $50.60 and its 200 day moving average price is $50.55. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 23.03 and a beta of 1.26.

In other Webster Financial Corporation news, EVP Nitin J. Mhatre sold 31,940 shares of Webster Financial Corporation stock in a transaction that occurred on 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 transaction, the executive vice president now 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 SEC, which is available through this link. Also, EVP Daniel Bley sold 8,000 shares of Webster Financial Corporation stock in a transaction that occurred on Thursday, July 27th. The stock was 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 in the company, valued at approximately $1,313,638.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. World Asset Management Inc lifted its position in shares of Webster Financial Corporation by 2.2% during the 2nd quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock worth $304,000 after buying an additional 126 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Webster Financial Corporation by 2.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,391 shares of the financial services provider’s stock worth $386,000 after buying an additional 181 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Webster Financial Corporation by 4.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock worth $263,000 after buying an additional 195 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Webster Financial Corporation by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock worth $315,000 after buying an additional 200 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its position in shares of Webster Financial Corporation by 0.6% during the 2nd quarter. Hartford Financial Management Inc. now owns 38,340 shares of the financial services provider’s stock worth $2,002,000 after buying an additional 220 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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